India should become a member of IDB

Inter-American Development Bank (IDB) assists several projects in all its 26 member countries of Latin America and the Caribbean – from Mexico down to Argentina. It has 22 non-borrowing members who provide capital. These members include  Israel, China and South Korea. India is not a member. If India becomes a non-borrowing member by subscribing to the capital of the bank, it can become eligible to bid for supplies of goods and services for IDB financed projects.

India is a member of the African Development Bank. In the same way it should try to become a member of the ADB. This would help Indian exporters to export their products and services to projects assisted by IDB in Latin America and Caribean region.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: