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Pahalgam Terror Attack Fallout: Nirmala Sitharaman demands ADB to cut Pakistan funding, says report

  • Indian Finance Minister Nirmala Sitharaman led the delegation at the 58th Asian Development Bank Annual Meeting in Milan from May 4 to 7, 2025.
  • At the meeting, India emphasized its commitment to advancing digital initiatives and pursuing sustainable growth over the long term, while Pakistan highlighted the need for enhanced support to bolster its economic reforms and recovery efforts.
  • Sitharaman reportedly demanded that the ADB reduce funding to Pakistan as a punitive measure following the Pahalgam terror attack while engaging in several high-level bilateral meetings during the event.
  • ADB President Masato Kanda highlighted Asia's challenges including geopolitical tensions and debt burdens, announcing a $100 billion lending capacity boost alongside process reforms to aid developing members.
  • The event underscored the need for cross-border collaboration to promote resilience and sustainable development, while India continued advocating for merit-based funding reviews to Pakistan within multilateral institutions.
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Devdiscourse broke the news in India on Sunday, May 4, 2025.
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