💨 Abstract

Jammu and Kashmir Chief Minister Omar Abdullah criticized the IMF for granting a $1 billion loan to Pakistan, arguing that it effectively reimburses Pakistan for ammunition used against Indian border areas. The IMF approved the loan under its Extended Fund Facility. Abdullah expressed concern that this financial aid could escalate tensions in the subcontinent. India abstained from the vote, citing the loan's potential to encourage cross-border terrorism and undermine global values.

Courtesy: theprint.in

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