US EditionIndia abstains from IMF vote to provide additional funds to Pakistan amid conflict
- India abstained from a May 9, 2025 IMF Executive Board vote on providing $2.4 billion in additional funds to Pakistan amid escalating bilateral conflict.
- India cited Pakistan's poor compliance record with IMF programs and concerns about misuse of funds for state-sponsored cross-border terrorism as reasons for abstention.
- The approved funding includes a $1 billion disbursement under a $7 billion Extended Fund Facility and a $1.4 billion Resilience and Sustainability Facility aimed at economic recovery and climate resilience.
- India’s Ministry of Finance stated the IMF’s technical procedures limit its action, but warned supporting Pakistan despite terrorism risks mocks global values and damages donor reputations.
- The abstention sparked debate in India, with opposition accusing the government of inaction and officials defending abstention as a firm diplomatic signal amid ongoing Kashmir violence and economic instability in Pakistan.
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Explained: India's abstention during IMF vote on Pakistan loan
New Delhi: India on Friday strongly opposed further financial assistance from the International Monetary Fund (IMF) to Pakistan at its executive board meeting in Washington, DC. The IMF Executive Board consists of 25 Directors who represent member countries or groups of countries. It handles daily operational matters, including loan approvals. Unlike in the United Nations, where each country has one vote, IMF voting power reflects the economic s…
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Leaning Left3Leaning Right5Center0Last UpdatedBias Distribution63% Right
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