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IMF Approves USD 1 Billion Loan for Pakistan, India Abstain
The Daily Guardian
|May 10, 2025
In a statement, the govt raised the possibility of Pakistan misusing IMF funds for state-sponsored cross-border terrorism.
The International Monetary Fund (IMF) on Friday approved the immediate disbursement of about USD 1 billion to Pakistan under the ongoing Extended Fund Facility, the Prime Minister's Office (PMO) here said. Prime Minister Shehbaz Sharif expressed satisfaction over the approval of a USD 1bn dollar installment for Pakistan by the IMF and the failure of India's high-handed tactics against it," according to a statement issued by his office.
India earlier raised concerns over the efficacy of IMF programmes in the case of Pakistan, given its poor track record, and also on the possibility of misuse of debt financing funds for state-sponsored cross-border terrorism.
New Delhi opposed the IMF's proposal to extend fresh loans of USD 2.3 billion to Pakistan, saying they could be misused for financing state-sponsored cross-border terrorism.
Diese Geschichte stammt aus der May 10, 2025-Ausgabe von The Daily Guardian.
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