China vetoes Indias loan application at the ADB

Discussion in 'Foreign Relations' started by Yusuf, Apr 15, 2009.

  1. yang

    yang Regular Member

    Joined:
    Mar 11, 2009
    Messages:
    358
    Likes Received:
    8
    Location:
    China
    just a misunderstanding ,said India Post

    April 16, 2009,India Post said that the news” China vetoed India’s application for a loan at the ADB” is a misunderstanding.The report that China vetoed India’s application for a loan of 60million at the ABD is a misunderstanding. Haruhiko Kuroda, the president of the Asian Development Bank, said at the news conference that “It is a mistake,we just postponed the conference.” in Manila.
     
  2. EnlightenedMonk

    EnlightenedMonk Member of The Month JULY 2009 Senior Member

    Joined:
    Mar 7, 2009
    Messages:
    3,831
    Likes Received:
    23
    Ok... thanks for that Perspective Yang... what would we do without you???
     
  3. Yusuf

    Yusuf GUARDIAN Administrator

    Joined:
    Mar 24, 2009
    Messages:
    24,292
    Likes Received:
    11,500
    Location:
    BANGalore
    Maybe a late spin on the matter?
     
  4. EnlightenedMonk

    EnlightenedMonk Member of The Month JULY 2009 Senior Member

    Joined:
    Mar 7, 2009
    Messages:
    3,831
    Likes Received:
    23
    Offspin or Legspin ??? I think it maybe China trying to bowl a googly !!!
     
  5. Yusuf

    Yusuf GUARDIAN Administrator

    Joined:
    Mar 24, 2009
    Messages:
    24,292
    Likes Received:
    11,500
    Location:
    BANGalore
    yeah a googly is known as a spin in diplomatic circles. There is no off or leg spin. Just wrong uns.
     
  6. vish

    vish Regular Member

    Joined:
    Apr 3, 2009
    Messages:
    89
    Likes Received:
    0
    Okay, so the CCP vetoed (or not) a loan application filed by India... so big a deal. Only shows that the CCP still believes in using force.

    So, let them. Why do we even bother? It's not like they are our last resort...
     
  7. S.A.T.A

    S.A.T.A Senior Member Senior Member

    Joined:
    Mar 28, 2009
    Messages:
    2,573
    Likes Received:
    1,539
    Blocking a $60 MN loan !!..heck Shahrukh Khan can fund the project without breaking a sweat.
     
  8. Daredevil

    Daredevil On Vacation! Administrator

    Joined:
    Apr 5, 2009
    Messages:
    11,613
    Likes Received:
    5,694
    It is a package loan of $2.9 billion, of which $60 mn is allocated to Arunachal Pradesh, that is where China is objecting.
     
  9. Yusuf

    Yusuf GUARDIAN Administrator

    Joined:
    Mar 24, 2009
    Messages:
    24,292
    Likes Received:
    11,500
    Location:
    BANGalore
    China has sought to scuttle the Asian Development Bank's (ADB) disbursal of development funds to India amounting to $2.9 billion. India requires $60 million specifically for a watershed development project in Arunachal Pradesh. But China doesn't want Arunachal which it considers "disputed territory" to be part of any plans financed by the bank. As the largest donor to ADB after the US and Japan, China appears to think it can steamroll the bank into toeing its line. Its conduct is in keeping with its recent objections to Prime Minister Manmohan Singh's and President Pratibha Patil's visits to Arunachal.

    Indian leaders, surely, don't need Beijing's okay to tour parts of their own country. It's, therefore, disappointing that ADB should seem to endorse China's untenable position by asking India to break the deadlock 'bilaterally'. Why China has muscle-flexed at the ADB lends itself to speculation. By internationalising a bilateral issue, some may say it is trying to trip India, which the world recognises as a vibrant democracy and an impressive growth story. Others may argue that China is messaging Asia at large about its clout. Or that it may be firing over India's shoulder at Japan, which calls the shots at ADB.

    Whatever be China's motives, the resolution one way or another of the issue will have a global bearing. Can bilateral dissensions be allowed to hijack decision-making at neutral multilateral forums like ADB, World Bank or IMF? Countries financing other countries in their individual capacities may attach conditions to aid. But global financial institutions aren't places to wash bilateral laundry. Not concerned with the domestic politics of particular nations, they're not expected to display political preferences. ADB's developmental agenda is meant to promote regional growth and cooperation. Its brief isn't to take sides or even play referee in bilateral spats. New Delhi needs to take up the matter with key players in the ADB such as America and Japan. If it doesn't get satisfaction, it should seek funds elsewhere. And it should prepare itself for similar ambushes at other international settings.

    China and India have committed to unravelling border tangles through peaceful dialogue. They also see mutual benefit in boosting economic ties. As emerging economies, both have an interest in cooperating at multilateral platforms like WTO or G-20. These complementarities could be harmed by Beijing's coercive diplomacy. Whatever it hopes to gain from the one-upmanship on display at the ADB, China must ask itself if it's worth risking a neighbour's goodwill.
     
  10. Terminator

    Terminator Regular Member

    Joined:
    May 20, 2009
    Messages:
    85
    Likes Received:
    0
    it is a known fact that China considers India As a primary target and is looking bt all means to cause problems to us,main fact is they are afraid whether we would grow better than them and earn all respects.So they have opted for guirella warfare and we need good anti-guirella tactics to remove their ambushes.
     
  11. Pintu

    Pintu New Member

    Joined:
    Mar 22, 2009
    Messages:
    12,082
    Likes Received:
    329
    China firm in opposing ADB loan to India over Arunachal - Tibetan Review

    China firm in opposing ADB loan to India over Arunachal

    China firm in opposing ADB loan to India over Arunachal


    (TibetanReview.net, May 17, 2009) — A $2.9-billion loan India is seeking from the Asian Development Bank hangs in the balance with China showing every determination to block it unless New Delhi removes Arunachal Pradesh from the development projects to be financed by it, reported the Indian Express May 15. China considers the state “disputed territory” and wants it to be removed from the document while New Delhi totally rejects it.

    In Mar’09, China got the bank to postpone a decision on the Indian loan application to a rescheduled board meeting on Jun 2. But in light of the latest development, India has let it be known that it would rather withdraw the entire plan than remove Arunachal Pradesh for the sake of financial approval, the report said. This followed a request from the bank to it to resolve the matter with China.

    India’s loan application includes a sum of $60 million marked for a watershed development project, including flood management, for Arunachal Pradesh.

    India has asked the bank not to indulge China on bilateral issues and will look to lobby hard with other board members to ensure that the Chinese objection is overruled, the report added.

    India will look for alternative funding in case the issue is not resolved.
     
  12. Rage

    Rage DFI TEAM Stars and Ambassadors

    Joined:
    Feb 23, 2009
    Messages:
    5,418
    Likes Received:
    979
    India-China bilateral issues not to hamper lending plan: ADB

    24 May 2009, 1138 hrs IST, PTI


    NEW DELHI: Differences between India and China over inclusion of a watershed development project in Arunachal Pradesh will have no bearing on the lending plans of the Asian Development Bank (ADB), the multilateral lending agency said.

    "This (bilateral issue between India and China) has no bearing on our programme," ADB spokesperson Omana Nair said in an e-mail, adding the lending agency had never encountered a similar situation in the past.

    "ADB has not encountered any similar situation in the past," she said, when asked whether ADB has faced instances of bilateral issues hampering its lending operations.

    Peeved by the inclusion of a project in Arunachal Pradesh in ADB's India Country Partnership Strategy (2009-12), China sought postponement of the board meeting which was to be held in March.

    China, which considers Arunachal Pradesh as a disputed territory, wanted the project to be removed from the lending programme of the ADB.

    Under the ADB rules, Nair said, "it is a standard procedure to grant a Board member's request for deferral of an item up for Board discussion without requiring a specific reason".

    Without specifying the new date for the board meeting, she said, "The Board discussion for the India Country Partnership Strategy (2009-2012) has been postponed to a later date."

    As per the charter of the multilateral lending agency, she added, "ADB does not interfere in the political affairs of any member."


    India-China bilateral issues not to hamper lending plan: ADB- Foreign Trade-Economy-News-The Economic Times
     
  13. EnlightenedMonk

    EnlightenedMonk Member of The Month JULY 2009 Senior Member

    Joined:
    Mar 7, 2009
    Messages:
    3,831
    Likes Received:
    23
    Something that is yet to be seen... I will see it to believe it...

    Yeah right!!! If this isn't a case of exactly that, I doubt you will get a clearer example...

    But you do behave like the stooge of some powerful members... but, that's alright as long as you don't directly interfere in somebody elses' political affairs ???
     
  14. nitesh

    nitesh Mob Control Manager Stars and Ambassadors

    Joined:
    Feb 12, 2009
    Messages:
    7,550
    Likes Received:
    1,280
    Location:
    Bangalore
    major diplomatic victory, also read what happens between taller then oceans and deeper then mountain friends :D

    China says no but US, Japan help ADB clear India’s plan


     
  15. Pintu

    Pintu New Member

    Joined:
    Mar 22, 2009
    Messages:
    12,082
    Likes Received:
    329
    A great report , great find , Nitesh , it is excellent to hear that the ADB loan is cleared at last with Chinese ploy to derail developmental work derails at last , the major diplomatic victory achieved is really notable.

    Regards
     
  16. NikSha

    NikSha Regular Member

    Joined:
    May 18, 2009
    Messages:
    337
    Likes Received:
    0
    Location:
    DELHI
    Bwahahaha.. this made my day. That's like an epic middle finger to China, beatiful, poetry in motion, etc. etc.
     
  17. LETHALFORCE

    LETHALFORCE Moderator Moderator

    Joined:
    Feb 16, 2009
    Messages:
    22,926
    Likes Received:
    14,641
    Chinese think they run the world, slapped down to reality.:coffee_spray:
     
  18. Daredevil

    Daredevil On Vacation! Administrator

    Joined:
    Apr 5, 2009
    Messages:
    11,613
    Likes Received:
    5,694
    Where is badguy??. You told us, India doesn't have the diplomatic influence unlike China. Here is a reality check for you.
     
  19. LETHALFORCE

    LETHALFORCE Moderator Moderator

    Joined:
    Feb 16, 2009
    Messages:
    22,926
    Likes Received:
    14,641
    China slams ADB over India funding - Yahoo! News

    China slams ADB over India funding

    BEIJING (AFP) – China angrily denounced Thursday the approval by the Asian Development Bank of a 2.9-billion-dollar funding plan for India, saying the scheme encroached on a territorial dispute between the Asian giants.

    "The Asian Development Bank, regardless of the major concerns of China, approved the India Country Partnership strategy which involves the territorial dispute between China and India," foreign ministry spokesman Qin Gang said, referring to a largely uninhabitable Himalayan region.

    "China expresses its strong dissatisfaction over this... The bank's move not only seriously tarnishes its own name, but also undermines the interests of its members."

    A bank spokeswoman confirmed to AFP that the plan had won "broad support" from the board of directors during a Monday meeting, but insisted it was not taking sides in the territorial dispute, only seeking to push forward its poverty alleviation efforts.

    "ADB takes no position on territorial disputes between its members," ADB spokeswoman Ann Quon told AFP in an email.

    "ADB will issue suitable guidelines for its staff on dealing with proposed activities in disputed areas."

    According to India's Economic Times, the 2.9-billion-dollar package for India covers the whole country for the period from 2009 to 2012.

    However, it says, China is particularly concerned about a 60-million-dollar watershed protection project in the Arunachal Pradesh region, where much of China and India's territorial dispute is centred.

    India says China occupies 38,000 square kilometres (14,700 square miles) of its Himalayan territory, while Beijing claims the whole of the northeastern Indian state of Arunachal Pradesh, which is 90,000 square kilometres.

    The two countries fought a brief but bloody border war in 1962, and are yet to resolve the border dispute.

    "The Asian Development Bank as a regional development institution should not interfere in the political affairs of the members," China's spokesman Qin said.

    "The Chinese government strongly urges the Asian Development Bank to take effective measures to eliminate the negative impact of this move."

    The ADB's Quon said: "ADB's Charter mandates that ADB shall not interfere in the political affairs of any member and that only economic considerations shall be relevant to its decision."


    :blum3::blum3::blum3::blum3:
     
  20. Koji

    Koji New Member

    Joined:
    May 24, 2009
    Messages:
    758
    Likes Received:
    1
    It doesn't have a lot. Japan and the US pushed it through.
     

Share This Page