world bank treaty .a multilateral agreement .(made among number of countries ).we were made to sign this treaty in 1997 after 6 months of our independence. Today 186 nations have joind it . World bank provides loan to nations of the world . And the nations have to deposit some amount . Amount varies nation to nation and year by year . india also have deposited since 1947 . But in 1952 india was in need of loan ,so it asked for a loan from world bank . The authorities replied we can provide u laon only when u agree to some of our conditions .1 was u have to decrease or degrade your value of currency . At very first time india decrease it currency value by 30%. since then india took many loans from world bank following its condition . And my frnds u world bank mai to america baap hai . Usiki chalti hai . India chahe v to is treaty se bahar nahi nikal sakta kuki ye multilateral treaty hai jisse nikalna bahut muskil hai .
Posted on: Thu, 20 Mar 2014 06:04:07 +0000
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