Question : WORLD BANK LOAN



(a) the total amount of loan taken by the Government from the World Bank during each of the last three years;

(b) the debt outstanding in respect of IBRD, IDA and ADB as on March 31, 2004; and

(c) the steps taken by the Government to repay the external loan?

Answer given by the minister


Minister of State in the Ministry of Finance (S. S. Palanimanickam)

(a) Total loan commitments from the World Bank during the last three financial years are:

2001-02	US $ 2830 million	2002-03	US $ 2092 million	2003-04	US $ 1328 million



(b) The debt outstanding in respect of IBRD, IDA and ADB as on 31.3.2004 is as follows:

IBRD	Rs.14064.06 crores	IDA	Rs.100033 crores	ADB	Rs.4493.86 crores



(c) Repayment of external loan based on the terms of the agreement is made by the Government by keeping necessary provisions in the budget each year.