The World Bank and the Andhra Pradesh government are under fire from the Congress and the Left parties.
Chief Minister Nara Chandrababu Naidu, they allege, has mortgaged the state’s interests to the World Bank to obtain a Rs 42 billion loan.Rosaiah said, “Naidu is only a proxy and the state is, in fact, being ruled by the World Bank.” He said that the WB had among the general risks the possible strong opposition to politically sensitive aspects of the reform programme such as more effective targeting of the rice subsidy, staff rationalisation, privatisation, closure of unviable public enterprises and more effective collection of user charges.
Suravaram Sudhakar Reddy, the CPI state secretary, added: “The TD government has committed itself to an agenda set by the WB, which included cut in agricultural subsidies and privatisation of the public sector undertakings. He (Naidu) is not behaving like an elected representative of the state, but as the representative of the WB.”
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