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    Madhura Swaminathan

    Mehir Desai

    by Mehir Desai

    "There is enough evidence now that the Structural Adjustment Programs initiated by the World Bank have been associated with severe reduction in food subsidies in a large number of countries."

    Madhura Swaminathan shares her concerns about the implications of World Bank and the IMF narrow targeting of food subsidies. By reducing the poverty line to an alarming level, the government, under the influence of international financial institutions, abandons millions of Indians to starvation.

    Author of several books, like Financial Liberalization and Rural Credit in India (2005), Madhura Swaminathan is an economics professor in the Indian institute of Statistics, Kolkatta.