NEW DELHI(PTI):India’s finance minister Dr.Manmohan Singh left on Sept. 18 for London enroute to Washington as leader of the Indian delegation for the annual meeting of the IMP and the world bank began this week,
During the forthcoming discussions, he would be assisted by Dr.Montek Singh Ahluwalia, finance secretary, Dr.Shankara Acharya, chief economic adviser and N.K.Singh, additional secretary (external finance).
He would participate in the meeting of the commonwealth finance minister prior to the annual meeting of the World Bank in Bahamas.
At London, he will meet Kenneth Clarke, British Chancellor of the exchequer as well as leaders of British trade and industry under the Indo-British initiative set up during the British prime Minister’s last visit to India.
The focus of the annual fund bank meeting has several important aspects of direct concern for developing countries, particularly. India. There is the issue of further SDR allocation necessary to augment resources of the fund to meet the emerging demand from countries undertaking major structural adjustment. The other issue would be of a Successor ESAF (enhanced structural adjustment fi und) which will enable countries like India to avail of an EFF with the soft blend of ESAF resources.
Article extracted from this publication >> September 24, 1993
