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India Opposes ADB's $800 Mn Loan to Pak
The New Indian Express Kannur
|June 05, 2025
Sources say India raised concerns over potential misuse of ADB loan in light of Pak's rising defense expenses
The Indian government has vehemently opposed the Asian Development Bank's (ADB's) $800 million loan to Pakistan. India abstained from voting. As per government sources, India shared deep concerns regarding the potential misuse of ADB resources, particularly in light of Pakistan's increasing defense expenditure, its declining tax-to-GDP ratio, and the lack of demonstrable progress on key macroeconomic reforms.
This story is from the June 05, 2025 edition of The New Indian Express Kannur.
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