Article

2005-08-24 Afghanistan/South Asia

Indian Prime Minister to visit Afghanistan

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Posted by Steve White 2005-08-24 00:05|| || Front Page|| [2 views since 2007-05-07] Top

#1 This aught to put a knot in the Paki'd knickers!

Posted by raptor 2005-08-24 06:33|| 2005-08-24 06:33|| Front Page Top

#2 India has an assistance program? They're moving into the big leagues!

Posted by trailing wife 2005-08-24 07:48|| 2005-08-24 07:48|| Front Page Top

#3 An article from 2003

India Switches from Borrower to International Lender

India has joined a pool of lenders to the International Monetary Fund for the first time. It has also told 22 small donor countries that it will not accept aid in the future.

India's Central Bank said the International Monetary Fund has selected India to become a member of its Financial Transaction Plan, which helps bail out poor countries in financial trouble. The Central Bank said the decision was prompted by India's strong foreign exchange reserves of around $82 billion.

The step comes on the heels of another significant decision. Last month, India told 22 small donor nations that it will stop taking aid on a government-to-government basis once existing programs are complete.

However, New Delhi will continue to receive loans from the World Bank and large donors such as United States, Britain and Japan.

But India has begun restructuring its $54 billion debt to pay off its more expensive loans early.

It has also doubled its own $600 million aid budget, adding African countries to its existing list of Asian recipients.

Posted by john 2005-08-24 08:15|| 2005-08-24 08:15|| Front Page Top

#4 So now India can join the 'flush money down the toilet' club too. Glad ~~we send $3 billion annually to Egypt~~ to have you aboard, guys...

Posted by Raj 2005-08-24 09:12|| 2005-08-24 09:12|| Front Page Top

#5 Maybe if India let other 3rd world countries borrow money, then maybe India won't be considered as a 3rd world country. Riiiight!

Posted by Poison Reverse 2005-08-24 11:10|| 2005-08-24 11:10|| Front Page Top

#6 They're trying to buy influence and garner resources (oil, gas, minerals etc) just like China (though China is much better at this game).

Posted by john 2005-08-24 12:04|| 2005-08-24 12:04|| Front Page Top

#7 Where's the picture of pincers, when?

Posted by gromgoru 2005-08-24 21:35|| 2005-08-24 21:35|| Front Page Top

#8 a vise mabe?

Posted by Frank G">Frank G 2005-08-24 21:48|| 2005-08-24 21:48|| Front Page Top

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