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IMF approves $1bn bailout for Pak despite India's protest
The Morning Standard
|May 10, 2025
'Mockery of global values': India flags misuse of funds to sponsor cross-border terrorism
DESPITE strong reservations expressed by India against the disbursal of a $1 billion loan facility to Pakistan, the International Monetary Fund (IMF) on Friday approved the bailout package, a finance ministry official confirmed.
India abstained from voting on the proposal to disburse the loan, raising concerns about the efficacy of the IMF bailout package in light of Pakistan's poor track record. India also expressed fears that the country could misuse the debt to fund state-sponsored cross-border terrorism.
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