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WB loans: Left for trasparency

Special Correspondent

Apprehensions expressed over terms


  • Left parties threaten stir if there is no clarity in Government stand
  • State's moves will be detrimental to small farmers, says CPI(M)

    HYDERABAD: The CPI (M) and CPI asked the Government to make public the agreements it had entered into with the World Bank, as there were several apprehensions about the conditionalities it had accepted.

    Terming World Bank Managing Director Graeme Wheeler's claim that there were no conditionalities imposed on the Government as "bogus", the Left parties said they had to doubt the sincerity of the Government if it failed to release the agreements. They threatened to take to the path of agitation if the Government did not clarify its stand.

    CPI(M) apprehension

    Asking the Government to table the relevant documents in the next session of the Assembly, CPI (M) State secretary B.V. Raghavulu alleged that Chief Minister Y.S. Rajasekhara Reddy had stepped into the shoes of his predecessor N. Chandrababu Naidu when it came to securing loans from the World Bank. While the farmers were already facing the threat of private market yards, the Government's moves to secure loans from the bank would harm the interests of the small and marginal farmers in particular.

    He said the party would consider joining hands with the TDP in its agitations if the latter came out clearly on whether it was still supporting the policies dictated by the bank.

    CPI poser

    CPI State secretary K. Narayana recalled that Dr. Reddy, while in the Opposition, had joined hands with the Left parties in their struggle against the World Bank-dictated policies of the TDP Government. "We want to know who has changed since there is no change in the policies of the World Bank," he said.

    He wanted the Government to desist from accepting the conditionalities that were aimed at corporatisation of education, health and other core sectors.

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