💨 Abstract

India opposed the IMF's plan to grant Pakistan $2.3 billion in new loans, citing concerns that the funds might be used to finance state-sponsored terrorism. India abstained from voting during the IMF meeting where the proposal was discussed. India emphasized Pakistan's poor track record with IMF programs and the risk of military interference in economic affairs. India also highlighted the perception that political considerations influence IMF lending to Pakistan, making it a "too big to fail" debtor.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖