YASHWANT SINHA: GOVT. AIMING AT SUSTAINED GDP GROWTH
Dr. Jai Maharaj
Nayee Dillee, Feb. 22 (PTI) - Finance Minister Yashwant
Sinha today said the Government was aiming at a seven to
eight per cent GDP growth on a sustained basis for
eradication of poverty and sought enhanced ADB loans for
the purpose.
Sinha, during his meeting with an ADB team lead by John
Lockhart, welcomed the approval of $ 625 million loan
during the current year as against $ 250 millions during
1998, and said the Government was committed to second
generation economic reforms for the upliftment of the
poor.
Appreciating the economic development in India, Lockhart
said the Asian Development Bank (ADB) was looking forward
to a long and fruitful cooperation with India, says an
official release.
The group of ADB Executive Directors are on a 15-day
visit to India and are scheduled to meet representatives
of financial institutions and Non-Government
Organisations. Sinha during his meeting also appreciated
the bank's recently adopted poverty- reduction strategy
and other initiatives such as programme lending, private
sector development, environmental protection and anti-
corruption issues. Tuesday, February 22, 2000
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