Is India a soverign country
By vikhram
@vikhram (201)
India
December 20, 2006 9:54am CST
just take a look at the following loan conditinalities
of the ADB(asian development bank) to kerala govt.
this is happening all over the country. kerala may be
just about embark on the road to being a pawn in the
hands of the neo "merchants of venice"...but in other
parts of India, it has already happened...it just
follows the pattern...which happened elsewhere in
other third world countries...(by the way, the biggest
contributor/partner of the ADB is ofcourse, the USA.
And the rest of the biggies of ADB are from the EU
group)
I feel this follows the pattern of the british
days...at that time, they promised protection for a
local kingdom and either annexed the kingdom or just
made the people follow the british diktats...
read on...
ADB Kerala urban loan conditionalities: Fact or
Fiction?
December 2006
On December 9, 2006 Inderjit Singh, Kerala's Resident
Commissioner in New Delhi and Tadashi Kondo, India
Country Director of the Asian Development Bank (ADB)
inked an agreement sanctioning a loan of $221.2
million (Rupees 995 crores [1]) for the Kerala
Sustainable Urban Development Project (KSUDP)
The total cost of the KSUDP is $ 316.1 million (Rupees
1422 crores). The Government of Kerala will contribute
$ 59.8 million (Rupees 269 crores) and 5 municipal
corporations, ( Kochi, Kollam, Kozhikode,
Thiruvanathapuram and Thrissur) where much of the
money will be spent, will contribute $ 35.1 million
(158 crores).
The loan document mentions that the money will be used
in 4 areas [2]
Urban infrastructure and services improvement which
includes a) urban water supply b) sewerage and
sanitation c) urban drainage d) solid waste management
e) roads and transportation
Target poor communities through basic infrastructure
and services improvements and livelihood enhancement
Provide Urban local bodies with technical assistance
for urban infrastructure sub projects
Capacity building activities to facilitate the
sustainability of activities me
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