Borrow? No. We can give money to IMF: Indian Prime Minister

by israeli.agent | April 3, 2009 at 06:55 am

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Indians are not so sure what does this mean.Some time back Indians learned that there is a huge fiscal deficit in the order of Rs 23298 Crores in 2009 - 2010.

Now this..

Looks like that this is another stunt aimed at the nearing election 2009

Prime Minister Manmohan Singh told the global community that India is willing to increase its contribution to the International Monetary Fund but does not intend to borrow any money from the multilateral lending agency.

"We do not visualise any need in the near future to go to the IMF . . . We can consider contribution to (the) IMF in proportion to our quota," he told reporters after the meeting of the G-20 leaders, who pledged to treble the resources of the IMF.