"Some of the money has yet to be pledged, some is double-counted and some would be counted in a "synthetic currency" that is not actually real money."
The money is not aid like we, who write this blog (as in me), think of aid. It's more a global economic stimulus, with half the pledged money going to the International Monetary Fund. The IMF has a bad reputation in some circles (my circles) for requiring developing countries to cut social services for the poor in order to repay structural adjustment loans.
The good news is that India is pledger now. India is a lender, and the article suggests, that could give it more of a say in how international aid policies, like the IMF's, are implemented. A seat at the table so to speak.
My, how times are changing.
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