Wednesday, Sep 23, 2009

But i thought india was still in growth, we are told BS daily

Yahoo: World Bank grants $4.3 bln in loans to India

The World Bank has announced 4.3 billion dollars in loans to India, including 2.0 billion for the banking sector, to help strengthen its economy amid the global economic crisis.
The World Bank said on Tuesday its executive board approved loans for projects in five countries, with the loans for India by far the largest.

Posted by mark @ 10:34 AM (814 views)
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2 Comments

1. mark wadsworth said...

Brilliant! Why doesn't the World Bank just lend everybody loads of money? Why didn't I think of that? There remains the nagging question "Where on earth will they get all the money from?" but in a world of one-sided economics that's just details, I suppose.

Wednesday, September 23, 2009 10:37AM Report Comment
 

2. tyrellcorporation said...

Watch the Marc Faber video, he has some interesting comments on where were all heading with this 'free' money scenario.

Wednesday, September 23, 2009 12:06PM Report Comment
 

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