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The IMF And World Bank: A Primer
Among the multitude of problems confronting developing nations in the last decade of the 20th century, one issue remains of critical importance. That is the repayment of a tremendous amount of external debt accumulated over the last half-century. One institution, the World Bank, claims it can help alleviate this burden by offering low-interest, long-term loans to allow developing nations' the financial space needed to direct both time and resources toward efforts at economic stabilization.
There are three million small- and medium-sized industries in India that account for 35 percent of the Indian export sector. The annual growth percentage of this sector was 11.3 percent, surpassing the growth rates of the heavy industries. In India, 17 million people work in this sector. Their yearly income is $107 billion and its contribution to the Indian GNP is around 10 percent. The success of small and medium industries in India has not come out of nowhere. It was an outcome of natural and historical factors, associated with good planning and management.
Israeli sources have indicated that Bangladesh is following in Indonesia's footsteps and conducting secret talks to establish diplomatic relationships between Tel Aviv and Dhaka.
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