Question : WORLD BANK ASSISTANCE FOR COMMODITY EXCHANGES



(a) whether the Government are seeking World Bank aid for upgradation of infrastructure for derivatives trading in commodity exchanges;

(b) if so, whether India has obtained $ 0.49 million loan from the World Bank earlier and is likely seek a similar amount for implementing online trading computerisation and stepping awareness building programmes among commodity traders;

(c) if so, whether the World Bank has agreed to provide the assistance; and

(d) if so, to what extent ?

Answer given by the minister

Minister of State in the Ministry of Finance (SHRI BALASAHEB VIKHE PATIL)

(a) No, Sir,


(b) Government of India had obtained an Institutional Development Fund (IDF) Grant of US$ 0.49 million from the World Bank for supporting the development of Commodity Future market in India. The Grant closed on 31st October, 2000.

(c) & (d) Do not arise.