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

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Jharkhand Movement From Realism to Mystification

not diverted flows from Asian countries, at least until now.
The second threat (of refusing to renew existing lines of World Bank credit in timely fashion) is more serious. The government is anxious to negotiate a new line of credit for NABARD and for industrial finance (routed through IDBI and ICICI), which could bolster its balance of payments. The Bank is biding its time on NABARD-II, until the government is driven into a corner and forced to accept the 'reforms' at has been insisting on.

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