AID: Impact of Sanctions

Impact of Sanctions THAT sanctions have become a major tool of foreign policy and are resorted to by various countries, particularly the developed ones, in pursuit of their policy objectives is well known. Usually sanctions are meant to penalise targeted countries for actions that ad versely affect the security or economic interests of the countries imposing sanctions. Often international institutions, particularly those which the sanctionimposing countries dominate, are also involved in the implementation of sanctions. This is precisely what happened to India and Pakistan after they conducted nuclear tests in May 1998, as becomes clear from the latest Annual Report of the World Bank. Sanctions were imposed on both by eight developed countries led by the US and also through multilateral institutions. Thus the World Bank group