In 2010, India promised to finance US$7.36 billion in development projects in Bangladesh through lines of credit (LOC). So far, only 10.57 per cent of the total funds committed have been disbursed. Although the ‘Neighbourhood First’ policy and Indian Prime Minister Narendra Modi’s ‘Everyone Together, Everyone’s Development, Everyone’s Trust’ vision are integral components of its foreign policy, India is struggling to keep its promises. Will this over-promise but under-delivery of funds have an adverse impact on the relations between India and its LOC partners?
India is struggling to keep its financial promises to South Asia (eastasiaforum.org)