ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NEW DELHI- The Aid-India Charade

NEW DELHI The Aid-India Charade BM THE total quantum of World Bank and country credits which have been pledged at the meeting of the so-called Aid-India Consortium at Paris this year is 4.5 billion dollars. At this level, the credits offered are roughly equal in real terms to those pledged for the year 1985-86. The pledge at consortium meeting has to be followed up as usual by negotiations with the members of the consortium, including the World Bank, on the break-up of the credit lines, bilateral and multilateral, for financing agreed projects and programmes. This is an elaborate, painstaking and prolonged exercise which provides opportunities for the aid-givers to lay down rules and conditions for the utilisation of their credits.

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