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Clinton Eases Sanctions Imposed on India After 1998 Nuclear Tests

HeadlineMar 21, 2000

President Bill Clinton has eased sanctions imposed on India after its nuclear tests in 1998 to allow a $25 million U.S. program to strengthen Indian financial markets to resume, according to the White House. The move will allow the financial institution’s reform and expansion program funded by the U.S. Agency for International Development to resume, providing technical assistance to India’s regulatory agencies and financial markets. The sanctions have already been eased once in October to lift restrictions placed on certain environmental programs, and U.S. officials say they may be relaxed further during Clinton’s four-day, five-city Indian trip.

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