Prime Minister: Jawaharlal Nehru
Partition, planning, aid consortia and nationalised banks.
Bank Rate
4%
unchanged on 1957
Arabian Light
$2.08
+9.5% on 1957
Aid-India Consortium formed (World Bank convened; London and Washington founding members)
Import licences are increasingly tied to aid source ("tied aid").
VerifiedOfficial record. Source: FRUS 1958–60 vol XV doc 217; World Bank archives
civil service accountability
Findings against the officials. H.M. Patel left the ICS (later a Swatantra/Janata politician and Janata-era FM, 1977–79).
UnconfirmedPeer-reviewed. Source: secondary histories; Board report (primary, not seen)
| Creditor | Instrument | Amount | US$ m | Status | Grade |
|---|---|---|---|---|---|
| Aid India Consortium (US, UK, Canada, West Germany, Japan, IBRD), first meeting 1958-08-25~27 | Consortium pledges | 600 | disbursed | verified | |
| Japan | First yen loan (also Japan's first ODA loan to any country) | repaid | reported | ||
| Aid-India Consortium (IBRD + US, UK, Canada, W. Germany, Japan) | Consortium pledges, first meeting Washington 1958-08-25~27 | 350 USD | 350 | Pledged; disbursement by donor not tabulated here | verified |
Rows are listed as recorded. Some describe the same loan from different sources and must not be added together.
