Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

GOVERNANCE AT IMF

Orissa POST

|

June 27, 2025

India's position in the Russia-Ukraine war had a definite reflection in the approval of the bailout for Pakistan

- Avilash Roul

GOVERNANCE AT IMF

Last month, two IMFs were in the news. They are still in the news. One is the Hollywood blockbuster Mission: Impossible's Impossible Mission Force (IMF), and the other is the International Monetary Fund (IMF) or the Fund. During 'Operation Sindoor', India's tactical military strike against terrorist hideouts in Pakistan involved in the Pahalgam killings, the IMF approved a loan to Pakistan. That specific act by the IMF has been vehemently criticised by both the public and the government in India, with some even referring to it as the 'International Military Fund'. Is it arguably logical and reasonable to criticise the Leviathan of the world political economy, the IMF, one of the Western-led dominant multilateral institutions?

It's not uncommon to hear condemnation of the Bretton Woods Institutions, particularly from left-leaning civil societies and academics. Yet, it is quite unusual for senior members and ministers of a founding member country, i.e. India, to engage in a spree of severe scrutiny of the IMF. On 9 May, the IMF Executive Board approved a lending amount of $1 billion to Pakistan under an earlier agreed (September 2024) long-term programme. Additionally, another $1.4 billion was approved for Pakistan's efforts in economic resilience to climate vulnerabilities and natural disasters. Evidently, that was enough to ignite the Indian backlash during the height of a limited war with its arch-rival.

MORE STORIES FROM Orissa POST

Orissa POST

'Reform Express' benefiting workers, employees and businesses: PM Modi

Prime Minister Narendra Modi Saturday said the country is moving ahead on a fast-paced ‘Reform Express’, which is bringing widespread benefits to workers, employees, entrepreneurs and businesses, while making life and business easier across India.

time to read

1 min

January 25, 2026

Orissa POST

India smell series win

Ishan’s fiery comeback puts Sanju under pressure as the hosts look to clinch the five-match T20 series in the third game against NZ

time to read

2 mins

January 25, 2026

Orissa POST

Orissa POST

Malabar Gold & Diamonds launches Artistry show in City

Malabar Gold & Diamonds launched the ‘Artistry show’, from 24th January to 1st February 2026, at its Saheed Nagar showroom, Bhubaneswar.

time to read

1 mins

January 25, 2026

Orissa POST

Vidheyan keeps audience engaged

Bhubaneswar: The third day at 15th Indian Film Festival of Bhubaneswar (IFFB), organised by Film Society of Bhubaneswar, screened Vidheyan — one of the most acclaimed works of Adoor Gopalakrishnan as part of his retrospective.

time to read

1 min

January 25, 2026

Orissa POST

Orissa POST

MAN FIGHTS OFF LEOPARD

In a fierce face-off inside a farmhouse in Cuttack district, a man fought off a leopard with a kitchen knife, killing the animal but sustaining serious injuries, officials said Saturday.

time to read

1 min

January 25, 2026

Orissa POST

Orissa POST

Unity in diversity India’s enduring strength: Guv

Emphasising unity in diversity as India’s enduring strength, Governor Hari Babu Kambhampati Saturday said the nation must remain cohesive while navigating a rapidly changing world.

time to read

1 mins

January 25, 2026

Orissa POST

Orissa POST

AUSTRALIAN OPEN 400 majors, one Djokovic

Milestone man Novak Djokovic completes 400 major wins, equalling Federer's record of 102 Australian Open match wins

time to read

2 mins

January 25, 2026

Orissa POST

Toxic water scare grips villages near NALCO

Allegations have surfaced against the National Aluminium Company Ltd. (NALCO), a Navratna public sector undertaking, of causing severe environmental pollution and endangering human and animal lives in Banarpal area on the outskirts of Angul town.

time to read

1 mins

January 25, 2026

Orissa POST

Orissa POST

Woman arrested for ₹3 crore fraud

Police arrested a 40-year-old woman for duping people of more than ₹3 crore by impersonating a senior Labour department official and falsely promising government loans.

time to read

1 min

January 25, 2026

Orissa POST

Orissa POST

T’gana: 900 strays killed so far, sarpanch booked

In a fresh incident of alleged stray dogs killing in Telangana, about 300 canines were allegedly killed in Jagtial district, taking the toll to 900, animal rights activists claimed.

time to read

1 min

January 25, 2026

Listen

Translate

Share

-
+

Change font size