World Bank and International Monetary Fund... help us Indians..

For starters I am very ignorant. You seemed to have pulled up a lot of information, my remark was more general in nature. I do feel that resources whether they belong to India, or any foreign nation are limited. We certainly cant waste them through vandalism and undesirable expenses such as large hoardings or statues that are not reusable, nor serve any purpose good for humanity. If that amount that was diverted towards such wasteful expenditure was not borrowed, perhaps it could have used to feed some hungry people, or help in some calamity. In contrast, this seems really like a crime to spend away money on such non-productive, non beneficial things, isn't it? I agree States are borrowing from IMF. And while it may be Indian States, if they fail to pay up, it would be the center that would be bleeding, so it is indirectly a burden on center. I am just seeking some sanctions...like the money will be loaned subject to condition that there will be no strikes no vandalism no statues, no hoardings made of something that cannot be used...blah blah. Political parties instigating vandalism would be forced to rethink because ultimately they too would suffer. Its time we behaved as human beings isn't it?

I am suggesting that IMF must insist that not withstanding the monies given by supporters, or others, no statues will be erected. Rallies, if any should only be through green medium...television. And the state should show drastic improvement in its law and order, effectively forcing political leaders to be responsible.

Hi sids..thanks for saying these issues are great. Now, the reason I am raising it is that when and ever any country does think of giving aid to us, they think deeply. They do have ways to express and discuss and convey their thoughts. What they are not aware about is what we need to emphasize so that they can take appropriate actions. As to world bank, and IMF I dont think it is possible for them to monitor. But they could insist that any reports of bus burning, or statue installation, or others anywhere would mean withdrawal of the funds almost immediately. Likewise, they could insist that since the nation itself is seeking help from outsiders, ministers should do their bit, by sacrificing their salaries and government servants should be denied any additional DA or whatever. That would put these negotiators of loans on wrong foot. They would be forced to maintain law and order in the country, and reduce wasteful expenditure. I guess it is idealistic way of doing things, but it is something that can be thought of, isn't it?

The should be audits. I agree.

I dont really like borrowing. It put us the honest ones under some psychological obligation, forcing us to compromise on issues which we would not otherwise be willing to compromise, and at times accepting wrong in process.

That is actually an interesting information. I got to learn a lot from that. As to IMF and World Bank, I do feel we need some machinery that helps nations out in times of crisis. If we dont, we actually hurt ourselves. This is because people will be too hungry, thirsty, and cold, and see loved ones dying and become angry at others indifference, and start some terrorist outfits. So being compassionate to others, I feel has more benefits for us. But from nowhere can I see burning buses, installing statues and stuff like that a way to use IMF funds. It becomes necessary for citizens to be responsible if they are borrowing. It should also be necessary for politicians to spend wisely the monies that borrow. Unfortunately, there is the physical fear, which is the reason the educated and rational folks are unable to take it up. However, institutions such as IMF and World Bank can certainly insist on such things. After all, that money which eventually goes to build statues and hoardings could've gone to some hungry mouth somewhere in Rwanda or Ethiopia. Isn't it?