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 "A dialogue on projects and                  ~ -ij- ~. ~ ~         m      ~ SIIC{1<fidf3ff ~ ~ ~ ~
 on sectors is difficult          ~ 1:R ~ ~ ~ ~ ~ 311q!tll<fidl ~~~I~ cf; ~
enough for the Bank and
for the borrower. But what        ~ ~ ~ Gflt ~ ~UI~Idl ~                       <m W alR "ij- 3lTftCffif ~ tlT              ~
 is even more difficult for the
Bank and borrower is
                                  ~ M ~ ~ "iti"(Uf ~ "'!<'~' ~ <N ~ q;"{                           m
                                                                                               ~~m ¢
dialogue on the general           ~ ~. "l1'tl" (ij1<.91fi¥1dl) <fir~ m 1 ~ ~ ~ ~ ~ ~
 economic, financial and          <f ~ f i cf; ~ ~ ijk!Paa ~<fir 314ffl<fi1 M" ~ "<'11lT 1"l1'll"
development policies of the
 borrowing country. Such a
 dialog~.te bas often been
                                  ~ '4t ~ ~ ~ ~ (01'1~Rllli,
                                  ~ ~. ~. otnttr<, ~. ~ 3lR ~ ~ l:ff~ ~
                                                                                            -m
                                                                                        31tf0llq~i    Jit:t<l'rf   *
 desirable in the past and
 bas taken place. It is, in my    ~ <m~~~~ <fir·                   " "i"m (iji<.qlfiJidl)l:RJitit"4'JIOf~"49d'T
 opinion, usually going to be
 essential in the future that     ~ ~ w ifRI" 1:ff '4t "49dT ~ ~ fcRr;ft cgrtl<'ldi'Jiq¥ ~ ~ ~ <m
 the Bank conduct tbis kind       !Jiffii~d CF"{ffi  t -m ~ alR ~ ~ SIIC{1<fidfaTI <fir ijfhiRid ~~I
 of dialogue with
 low-income countries which
 need a large flow of
 resources from abroad
                                              lmi    *~~     iiT Ji(l('q err ~ e: 113ff ~
                                  ~I M, ijiJilf\}f<fi ~ ~ ~ ~ 31tf0llq~ ~ ~ ~ cf; ~
                                                                                            -;:ftfij- CI'Rif <m   1TRt ~ ~
for a long period. "
                                  \J1111~Cfidl q ~ ~. ~ q llitaft ~ 1:ff ~ cf; 3fq;;; ~
          -Escott Reid, 1965
                                  3114flll<fidl I ~ ~ ~       3ftAt   qft~"1113ff ~ ;:f)faqldf          <m fm:rr, ~.
                                  U11e'@!ll, m~ ~"ffCJi~~ I~ qft~"1113ff                              alR ~~ qtjfq(OI
                                  ~ ~ ~ ~ ~ ~ ~ Jitit"4'JIOf                                m"7Tf ~I
                                       ~<mlf~ll'Rl'lRA'm~~~~~li,~\J11 ~
                                'fiTt~<fl'1it\34Cfl(Uicfi~'lf~l~ ~lii~\J11 ~ ~~
                                ~UR Cfll4111ifi ~ ~ m      ~~~~~~                                 ~I
                                                                      *
                                                                                        \;fTffi

                                M- ~ a<fl lffl' m ~ 3TR '1ffif ~           ~~   '1tt ~ 1 ~  l"1
"India, moreover, has never
been a tabula rasa patiently
                                ~~~           m~q,~o cf; ~ cf; lWf     ~ ~ 3lT\;f cf; ~lii~\J11
                                                                     -lf
awaiting advice on              ~cf; ~ ~ q~~~mt'flTlffl' ~ m~~3TR~.
development priorities or       tl. ~. CflT~~R~~~Cf!U<IT'\JlT1T. ~ ~
strategy before deciding on
                                ~~rJ!tS(\J11Cflm3TR~cr~~~m,3TR~~
a course of action. Since
obtaining its independence
in 1947, India has had a
                                      *                                    m
                                ~ ~ qft~"111 ~ '41: ~ f.1~ ~ 1 ~q,~¥ 3TR ~q,\S~
                                ~ -lf '1ffif ~ ~ ~ Cfll4111ifi ~ ~ n~o ~ ~ ~             * *
government able and
willing to assign a high        ~~ql
priority to economic
development and has been
                                               ~lii~I\J11 ~ eFT ~ ~ -lf, ~ ~ ~ 3fR 'TRfR
a repository of strongly held
ideas on what needs to be       ~ ~ ~ cf; ~ ~ lT!r q, cffi't 3lGf ~lii~\J11 ~ ~ ~ ftrt
done. "
                                ~· Cflc::Cfll<'f11 ~ ~ ~ ~ ~ ~· ('q11<"liCfl ~urn ~ \3'i!J1~(1 ~
   -Mason and Asher, 1973       ~~\;fT"OO ~ 1~ Cfll4f~<141 ~ ~<mlf~ 3lftrcf;~cr~
¥o
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                                 ~~~~~

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                                  -eN" ~ ~ ~ ~ "*I" I ~ ~ ~~ '-\ t. if 'l1ffif -eN" 'TffiR ~
                                 *     ~ -eN- ~       m
                                  ~~"*I"~~ I ~ i'fi1l if
                                                             if ~ "*~" 3TR 3WRft ~
                                                                              m
                                                                                              *    lf)('l~ €\q 'lffiQ .
                                                                                    ~ GRT f i ~ \3,il«1 t11:1 ·
                                  G<'1" ~ 'l1ffif CflT ~ fcl><:rr 3fR ~ ~ lR ~ {!Cfll {I(JO!Cfl ~
                                  ~ "*~"    1   l!ft 3lf{. ~-   ~~   w ;11.-a fi1S(IJ:1 ~m ctr ~ ftllrif "*~"
                                  ~ 1R~ ~ if ~ ~ cf; ~ if                        crfUfu fcl><:rr ~ I·W G<'1" if -aR
                                  1f.i;:JOJ 11 ~ 2t- "fR ~ (~~     «em         ), if ~ ~ (-;;pf;:ft) 3TR
. "There is no doubt that in      l!ft ~ ~ (~ ~ ~)              I$   ft1lri ~ 3TTlTTlft ~ ~ if ~ ~-'l1ffif
  both the rich as well as the    ~m-eN" {!Cfli{I(JO!Cfl ~         <fi" I
  poor countries, there bas
  been of late considerable
  disenchantment with the
  giving or receiving of
  assistance across national
  borders . . . There is no
  reason why we should
  object to an assessment of
  our plans and policies by
  the aid-giving countries
  and institutions and much
  less reason why we should
  suspect something sinister
  in every honest advice
  rendered to us. AI" long as
  we ourselves are clear
  about where we stand and
  what we wish to achieve,
  there is no reason why we
  should fear a dialogue with
  other people. "

             -lG. Patel, 1971
 "There is no particular
                                             ~Q,~o cf; ~ cf; ~ ~ ~ liii111$11Cfli?i cf; ~ ~ ~ ~
evidence that the licensing
system has in f act served any
p ositive economic purpose.
                                                               m
                                   ~ ~ err 3TTffiw 1T<rr m I ~q, ~ '-\ ~ lJ;Cfi ~ ~ ~ ~ lJ;Cfi
There is little doubt,             ~fttlri~, uTI~~ ~ ~ ~ it; cf; ~ ~it;
however, that it has               ~ fttlli ~ ~ "ffllT I W fttlli ~ ~ Lfilft~Ti ~ oqmr ~ ~
prevented efficient
enterprises from expanding,        -;;rrmm=trmcm- ~~m atR~~cm- ~~
that it has imposed restraints     ~ 1 ~ ~ oqmr ~ ~ afR ~W~Cfl ~ ~ ~ 31f.14fJ!aa1aTf
upon the achievement of
economies of scale, and that       ~3TR~~CR"Tml~~cf; ~~err~,
it has delayed and                 ~ ~ ~ (1~ 1R3lTmfur ~~~~2ft I d5)q(l"d
hampered investment and
production activity. It has,       ~~ ~~"tR~afRoqmr~cf;~maferrmurrtT~I
like the import control
system, protected and
                                   ~~ ~ ~~ 0                  ~ VffiiT ~ cf; ~ ~          m
                                                                                          (OI·fifai:ff
p reserved inefficiency by, in     cf; ~ 1f{ ~ ~ ~ ~ 1ffiffi cf; ~ ~~em-~
effect, allocating market
shares and restraining the         tR iW:rr 1T<rr I ~ lft" ~ ~ ~ ;ftfa" cf; ~ 1R qldkl lq ~ cf;
growth of more efficient
enterprises. "
                                   ~UR Cfli%~ cf;      m   ~ "'i'ffi" ~ ~ I

           -Bell Report, 1965
                                           ~ cf; llffi 1J'l1TCft ~ ~ ~ ~. uTI~ ~ 'qffif
                                   cf; ~ lili?lGifl err lJ;Cfi ~ ~ ~. 1R ~~~~I~~~
                                   ~ q ~~C:cNUI"tf{ 3llmfur, ~~err li!Cfll(lc-JiCfl1:IT 1Cfll(lc-JiCfl

 "The fact of the matter is that
                                   1J'iWfmm~1 ~~frr:n~*~tT-w~~ ~m~
the Bank cannot force any
Government to do anything.
                                   ~ 'qffif ~ ~ f<m" ~         em-
                                                            ~ 3lRfftp ~ ~ ~ ~
We are only an outside
                                   ~ err~ .~ 1T<rr afR q;-{ ~~em- f<m" ~ cf; ~ cf; ~
agency that has money to           Wfl ~ cf; ~ ~ ~ 1T<rr I ~ URUTTt(a-~ ~ ~ ~ I oqmr cFr
lend but even the amount of
                                   f<m"   ~~. ~~~"liPT[~cFr~~~ lf{~~ ~
money that we can
contribute to any one
country is a small fraction of
                                   *Wr ~ ~ ~ ~ ~ fclxrr 1T<rr ~ 1 'W ~ ~ mtn mar~
                                          lJ;Cfi
                                   fct>~mu~~~~~~%~~atRmm~1
(be country's own resources.
We can only support what
Governments and people
themselves are prepared to                  f<m" ~ IDU ~ ~ CfTff ~ cFr 00 ~ ~ -;;rr;; ~ cf; ~
do. We can help in the             'W "liflrn ~ ~ ~ fct; ~ ~ qftqd1 cf; WI"~~ ~ WlR
process. We have world-wide
experience, we have some           ~~ !4Cflilitl~11<-9 ~cf; !#l4i~C141 ~ li!Ji41'j)€'q ~~ ~
idea of what works and
what doesn't work. . . . . In      ~~~~~cf; ~~lft"~!Fl~ 003RR~~~~
India or elsewhere if these        m ~;g:1r:ffi lf{~~ ~c:r:flta frr~~t ~~lft"~ *~
reform programs are not
indigenous, they would not                         1
                                   ~~ ~ m~cm-;; ~~ cm-~91<"11-mm~~ ~
survive. The reform
programs are fundamenta lly
                                   ~ ~ ~ 'fTff ~ q                      m
                                                   em-~ 'W li!Jii11111ll9ffi" ~ ~~            fct>
political; they are ecort-omic     ~~~~~~~~~~Cfilft~3lT ~. ~lft"
reform programs but they           ~ ~ cf; f#l41~i:141 cf; ~ ~ ~ err~ Cf ~ ~
are essentially part of the
political process. No foreign      ~I~~ itCfi ~ 3TR, ~ ~ ~ ~ ~UlGifl aTR ~
agency can involve itself in
such a process. The Bank
                                   ~mr frruf4" ~ ~ WK~T ~ ~ ~ ~ cf; llffi lft" M ~ 1 ~
                                   ~ ~ ~ ~ ~ ~ ~ fct; \Fiff tfl"111aTI              em-
                                                                         lillfi<'ldl~qqi 1U
                                                                               1~ ~ ~ * ~ oo
will not even try ".
         -Ernest Stem, 1993        fclxrr -; rr "lifcfidT ~ utr ~ ~ ~   ~~    m
 "If the World Bank's            ~ 'ij' (iiJl""''fl'l tt ~ ~~ "1lkl ~ ~ 'fiffi ~   m~~I m   3l'lT"{
influence gets beyond a
certain point, if it begins to
                                 .!Qt~.   *·~*~~~m ·~~~~lR~~'fiffi~                           I''
look like pressure, even if it
is something desirable in
itself or something desired
by the country itself,
                                               *
                                    ~ ~£( ~ ~ q;'lft 'Q.Cfi (l'"{q;T ~ m- ~ ~ 1 f<m'
                                 ~~'lmf*~~'ij'~~-~crr.=IT*~tt~
pressure by the Bank to
achieve it can be a very         -w ~  1 'Q.Cfi 3lR ~~ f<m' ~ ~ 3Rl'm*                  *
                                                                     ~ 3r1'1i2IT 'ij' 'lmf ~
deadly political weapon.         SI~CidJl ~~~I ~I ~ ~ 3lTUTftf; ~ 31'ft ~ ~
The World Bank is a source
                                 ~uttar ~ Micldl'j\<fct> ~~~I ~ ~ al'R, 'lmf ~ ~Cfil(i~('l
of external finance to
India, and it is very easy,
when an unpopular
                                 <ot"11Rlqj 'ij' ~ '<t>l ~ ~ ~~ mw ~ ~ ~'if«rr     *
                                 ~ ~ Sl"'ldiP?t<t> ~ ~ <I"'~Rl<t> ~ 'ij' ~ ~ ~ '<t>l f4ffi
measure is taken, for its
critics to argue that the
country has either been
                                                                    *                   mm-
                                 ~ I crr.=IT tt treTI ~ ~ fucr ~ 'GITG" 'ij' \;f1fi -;;'{ ~ ~
                                 41"11iaTI'<t>T~* ~~m--m-~afR~*~~~
bribed or blackmailed into
a policy measure. Unless         ~ ~ ~ afR 'ffi'\1 ~ 'q'J(IT ~ I
there is a degree ofpolitical
sensitivity, one may get a
situation where the whole
 relationship between the
 World Bank and the
 recipient country can get
awkward . . . The thing to
guard against is the role of
 the World Bank as an agent
for pressurizing rather than
leaning at the infant open
door . . . Whether the World
Bank comes in then as a
gentle supporter of a door
about to open and gives a
push, or whether the
 Government says 'No '
because this is something
 comingfrom outside in the
form ofpressure or
leverage, that is something
 which has an extremely
significant and rather
 delicate balance. "

             -L.K ]ha, 197_1
1t ~       cfllllf<1~ :
         m-~<fi~~*~~~~l<_1.3if~ if~
m- ~ iiTU 'llffif * m-q     m
                          ~m ~ ~ ~ ~ ~ CfiT ~ 'SRftcF
~ I -;;t ~ ~ 3TGf O<P CfiT "ff11Rl'R ~ <rrffi          ~~     m
~ ~~ ~ fcF ~ ~ 3h" 'llffif ~ 3TTtffit ij 1?\ Gl fl cfi ~ ~ '1ft
YftC1~d Cfi"«<T ~ I

        -;;t~~~if                     m  ~ ~ "11'1Cfilt1~
m  ~ ~ U~ Glftm * m-q ~ ~ -mt 3'!T<m * ~ if ~ fcFm lJ1lT
m 1~-~if~~ ~CfiT'Cflflf 'llmfif ~~~ ~
~ ~ ll'Tllffi ~ "11'1 Cfil t1 ~ cf; ~ ~ ~ 3h- 'llmf mom
~ ~ llt"1'11alt ~ ~ cf; ~~if~ cf; ~ CfiT SiRlPllt~ct
m  CfiT tlT I ~ Cllsif GI1"G" ~~ q if ~ ~ ~ Siklf.!lfa ~ ~~ \¥
if~ {~PI~<~ qft41"1'11aTI ~ ~-~ cf; ~ ~ fcFm lfllT m 1

           ~if ~ 'llffif mCfiR ~ ~ ~ CfiT II (¥1;>fl!~ft ~ ~
fcFtrr m 1 ~ ~ ~ amr ~ fcF Clls!f Gfur ~. ~ CIGf ~                3lT"1'   O<P 'llffif
mCfiR cF m"q ~ cF ~m if cfflT II V1ciflvfi Gl";fi ~ ~ I ~if mom
~~~ml11lf1R~~~'f<Rif~~*m-q~
~ ~ m 1 ~~ -r.. -r.. cf; 3Rf O<P ~ 1R ~ ~ "ifffiiT m 1~
GI1"G" ~ ~1.3, ~ m l11lf 1R m ~ ~ * ~ .1f<liR ~
1R m 3h- 3RRf: ~~ \30 if ~ ~ CfiT ~ ~ TTTt-f ~
                  *
m 411\3~!11'1 Cfi'fAi~Cffi if ~ lJ1lT 1
                                                                           *
           Cllsif ~   ~~~~ ~                            3h-   ~UlGift~ cf;       GfR
if~-~marm~1 ~~-r..-r.. O<P~lfRT~mfcF~~
           3N-fi ~ frJ"~ 3fR ~ cF fsli~lrq~'1
~ ~ ~ GR ~ OcP
1R ~ ~ ~ m- I 3lA" ~ Cllsif if~~~ fG!UlGifttli
~!tllff:ill(j ~~-~if 3lTf$f; \Jlqlil~l?"i cf; ~if~~ lf{ I ~~1.3o
~~if~~~~mf~cF3lT~~~ lt~l ..q~'1
cf; ~if~~~~ ~UlGifl ~if~~ ~I ~~\3o 3fR to
cF afRr '1ft~ 'CfiT ~         mm
                      ~ lfllT I ~ ~ ~ ~ ~ ~mf
~ ~ qft41"111aTt if m~ *~if~ ~UR ~ 'lT1frm ~
'C'Ii'rl


            ~~if 31if 1~0QIC1~ ~ ~ ~ ~\
           -;;t ~~if ~
~~~*~~. ~'llmfif"tfC'''~ri~, ~. ~
~ qft4t \Jj 1 1aTt 'CfiT ma1urcfi'dt ~ ~   1~oq 1e1~   ~ qft4t \Jj 1 1     mm
if~~~~~M'Ift~if~liDf~~l ~mum~,
f i ~ ~ ~ qftllt"1'11aiT 'CfiT 3fcf;~ 'CflTlf ~ ~
cf;  ~~lflfT~ I~~ 'if;~ W ~ ~ cf; 31ffiqT 3Ft1 ~
~ ~ ~ ~ 'ffia:rr ~lit~. ~ ~mr qftmGt'113Tf ~ ~ ~
~ till41f.-qa m-
              ~ ~ ~ ~ ;;rr ~ 1




*                              *
          3ltR ~ 'Gtl;;fw ~'tR '1ffif~ ~~~~
                              3ltR m lfuR ~ ~ ~
      ,lt, ~ ~ 3111" ~o ~. ~q, q, ~ ~                    *
~~~~f1m;r~~~~lfcfafR~~~~~ ~
            *
a?R '1ffif atTtr   mw          iiTU 'll'Rf GVfCP tJ'ffl ~ lit ~
~ ~ 3lT ~ 3Td't1T afR ~ aMel~'fi ~m <N ~ ~ I antmt Wffi
                                                                  *   Wl4"


'tR ~ ~ ~ ~ ~ ~ ~ 'tR ~ ~ tfaff ~ Wl4"-Wl4" 'tR
~arntrr~ I ~cf; ql~iiiC::'1 ~ ~OQIM4 ~ '1mrcfi 'fll4'filtl f.-l~~lcN
~ ~ ~ ~ ~ f1NR, ~. ~ ~ Jffi{.qrfi4 CfiTtf fclim ~I
Wl4"-Wl4" 'tR ql~iiiC::'1 ~ 3lllt ~ iR ~ ~ ~ ~~ ~ cf;
~ · 'N '1ffif ~ q;llf "fi"( "Uft ~ iR "\3"'1'cfi 31fa'fllft~ cf; mt:r ~
~ ~ ~ ~ I \lffif iR ~ ~ ~ cf; ~ ~ 'fl4~1ftlff
cf; afi:q 3Tro'1"-~, ~ ~ ~ mGt '113Ti, ~ ~ wm cf; 'Sffi!t antmt
~'N~~~~~~~~~~~. ~f.f\1R cf;
~ 311\;f ~ 31fa'flltl mt'1ffif ~ ~ ~ ~Ul~lft4i tr~ ~ ~I
~ ~ ~ ~ 'tR ~ ~
             w
31fa'flltl1101
                             m
                         '1ffif          *
                                ~ fcffir lj;ft, 3Ft1 ~
               ~ ~ cf; ~ ~ ~ 3Ft1 ~ ~ cf; mt:r
~ OQiqel~'fi ~~~~~I

          ~   m    ~ '1ffif
~~<N~~~~iR~~ ~el?l~1t1~~<N
                               *   3lllf '11'1Ft*r   *   ~ ~ ~ ~.

~~~~
                /




ti<mlf'~ · "tm~
~ · ~lt.c~lll• fo!• . '!f~ ('lrol)
~If'~ · ~~
~.1993

                                     •