ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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SINGAPORE-Asian Development Bank Meeting

SINGAPORE THERE is really less to write about the fourth annual conference of the Board of Governors of the Asian Development Bank (ADB), which concluded here on April 18, than about the poor performance of the Indian delegation to it, headed by the Finance Minister, Yeshwantrao Chavan. India is not a borrower at the Bank but is, on the other hand, the second largest subscriber to its funds. The Bank's funds from 21 Asian countries amount to US $ 624 million of which $ 93 million are subscribed by India. This was the first Indian delegation headed by a minister that, visited South-East Asia after the ejections, which have certainly brightened India's image abroad and raised hopes that the country will now be able to play a confident role in international affairs because it now has a stable government Bangla Desh developments have also made people abroad look up to India with the hope that it might play a role that would help the East Bengali people in their hour of suffering. Singapore reporters therefore had gone to the airport to meet the Finance Minister with enthusiastic questions : What was India going to do to help the people of Bangla Desh? Could it help in stopping the carnage there? What were India's own plans to remove poverty and unemployment? Chavan is well known abroad. People have read stories about his ability, political support and the likelihood of his becoming the next Prime Minister of India. But at the Singapore airport press conference he failed to answer questions. To some he mumbled answers and to others he did not reply at all. Whenever a question on an economic subject was asked, he looked to I G Patel, Secretary in his Ministry, who was accompanying him, for a reply.

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