Bang Galore
ELITE MEMBER
- Joined
- Feb 21, 2010
- Messages
- 10,685
- Reaction score
- 12
- Country
- Location
I think the highest receiver of DFID aid, the largest recipient of World Bank loans & the fifth largest recipient of ODA aid in the world shouldn't be talking about Pakistan.
India, largest recipient of World Bank loans - Rediff.com Business
A couple of points. No one is talking of cutting off money to India. While the proportion of such assistance to our total budget is very different from that of Pakistan, we are grateful for whatever aid that comes our way. Even if such aid is relatively marginal in comparison to our economy, the difference it makes in the lives of those helped by such aid is immense. I have never believed in mocking any such aid which helps us help more people.
Your point about WB loans are a completely different matter. As you keep reminding, you do live in the U.S. and you probably have a different idea of a loan. A loan is something that you have to pay back & the quantum that may be offered to you depends both on your creditworthiness as well as a demonstrated ability to pay it back. Something that those living in the U.S. couldn't get their head around the idea that you may actually have to pay back loans that you take which is why there was such a crisis. India, my dear chap gets the WB loans (for infrastructure projects incidentally) because there is a lot of confidence in the lenders that the money would be paid back. As recent comments of IMF officials have shown, this might be an alien idea to many Pakistanis who seem to operate with the view that they are displaying great munificence by allowing the numerous lenders to advance them any money which is why they are so shocked when some decline to partake in Pakistan's generosity.