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Topic : Sustainable Investment in India 2009
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India to lend up to $10 billion to IMF : Is this a good decision?

Created by : Rakesh Chakraborty, Sr. Associate, ING  | 09 05 2009 08:57:49 +0000
Industry : Asset ManagementFunctional Area : India(Markets)
Keywords : india funds international imf india lends $10 billion to imf monetary fund
Activity:  162 views;  last activity : 07 06 2010 20:18:09 +0000

India on Friday said it will lend up to $10 billion to the International Monetary Fund to make funds available to countries in need. India intends to make available up to $10 billion to shore-up the resources of the IMF.  It is quite a change that India, which had to resort to IMF financing till the early 1990s on a few occasions, is now participating in an international effort to make resources available to the fund for lending to nations in need.


http://www.intelligentspeculator.net/wp-content/uploads/2009/04/imf.jpg

 

But don't you think this lending of $10 billion now is not such a good decision as we ourselves are facing fiscal deficit, and there are more poor people in India who are in need of this money than elsewhere.

So what do you think, is it a good decision to give $10 billion to IMF?

  
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I don't think this is a good decision, they might be returning back whatever they had got from IMF in the early stages, but then there is so much to be done in India itself,  and this decision to donate $10 billion is not such a good decision i guess as India needs more help, just because the Urban cities are bustling with activity doesn't mean that every part of India is doing well, just go to the interiors still there are many problems which are not attended and still people have many problems for which there are no solutions from the government side, so we could have used the  $10 billion for our own use than donating them..
By Rakesh Chakraborty, Sr. Associate, ING  | 09 05 2009 08:57:49 +0000
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