India Won't Use IMF Loan to Gain Leverage, Says Bank Chief

Apr 25th, 2009 - Wall Street Journal

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WASHINGTON -- India's central bank governor said Saturday the country isn't planning to use a promise of a loan to the International Monetary Fund as leverage to gain a greater role within the institution.

"I don't think we would link them in that sense," Reserve Bank of India Governor Duvvuri Subbarao said in a meeting with reporters. Mr. Subbarao was in Washington for the spring meetings of the IMF and World Bank.

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