SOURCE: AFI
India has taken a firm stance on the International Monetary Fund’s (IMF) loan to Pakistan. While abstaining from the initial vote, India is now advocating for “stringent monitoring” of the $3 billion emergency fund.
This monitoring, according to India, should ensure the funds are used for their intended purpose and not diverted towards Pakistan’s military spending or repaying debts to other countries. India’s position was conveyed by its representative, Krishnamurthy Subramanian, during a recent review of the loan program.
The move highlights ongoing tensions between the two South Asian neighbors. Pakistan has been facing severe economic difficulties, including high inflation and a weakening currency. The IMF loan is intended to help stabilize Pakistan’s economy. However, India is concerned that the funds could be misused, potentially hindering Pakistan’s economic recovery efforts.