Indo-Pak conflict: New Delhi opposes IMF's fresh loans to Pakistan, abstains from voting
Indo-Pak conflict: New Delhi opposes IMF's fresh loans to Pakistan, abstains from voting
NEW DELHI: (May 9) India on Friday opposed IMF's proposal to extend fresh loans of USD 2.3 billion to Pakistan, saying the funds could be misused for financing state-sponsored cross-border terrorism.
New Delhi abstained from voting at the crucial International Monetary Fund meeting, whose outcome was not known till the filing of the story.
As an active and responsible member country, India raised concerns over the efficacy of IMF programmes in case of Pakistan given its poor track record, and also on the possibility of misuse of debt financing funds for state-sponsored cross-border terrorism, the finance ministry said in a statement.
