(a) Whether there is any system in place in the department to analysis the need of
taking loan from International Monetary Fund, World Bank and various financial institutions,
their usage and profit and loss occurred from it.
(b) if so, the separate analysis of loan taken during the last three years; and
(c) if not, the reasons therefor and the reaction of the
Government thereto?
MINSITER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)
(a) Yes, Sir.
(b) Government of India currently does not borrow from International
Monetary Fund. GOI borrows from Multilateral Development Banks such as World Bank (IBRD and IDA),
Asian Development Bank and JICA, etc. The assistance comes in the form of long gestation low
interest/concessional loans not normally available in the market, as may be seen from the list
of projects for last three years annexed herewith.
(c) Does not arise.