ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Planning Commission under Attack

 ducements for intra-regional imports. India, for instance, could make a major contribution to the Special Funds for industrial and infrastructure development, provided its contributions are accepted in inconvertible rupees. Again, unlike the World Bank's unbending insistence on world tenders for procurement of equipment, the Bank could provide for a conscious emphasis on regional procurement. Perhaps by offering the inconvertible currency loans on easier terms than convertible currency loans, the ADB could build into its operations an incentive for greater intra- regional trade as well as a lower dependence on finance or resources from outside the region.

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