By Admin 
Pahalgam attack: The meeting of the Executive Board of the International Monetary Fund (IMF) is on 9 May. In this, a $ 1.3 billion agreement will be evaluated to deal with climate change. Apart from this, a bailout package of $ 7 billion will also be discussed. According to sources, it is being told that India can challenge the proposed $ 1.3 billion loan for Pakistan in the next meeting of IMF.
There will be a need for approval of board for loan
According to the information given by a source to ET, when the loan is mentioned in the board meeting, then the subject of supporting Pakistan’s terrorism will also be discussed. In July 2024, an agreement was reached for a package of $ 7 billion between Pakistan and IMF under the Extended Fund Fund Fund Fund. Its purpose is to help in bringing Pakistan’s dilapidated economy back on track.
The deal is part of the 37 -month bailout program. That is, this loan will be released in installments in 37 months. The first installment was given in September 2024, which was $ 1.3 billion. Now the board needs approval to release the next $ 1 billion installment. Earlier, India had refused to vote on the bailout package given to support the economy of its neighboring Pakistan, which is going through an economic crisis.
India raised many strict action
According to the source, this time, India can give negative votes against the assistance from the IMF, citing the misuse of funds and other technical reasons. After the terrorist attack in Pahalgam, India has taken many strict steps including suspending the Indus Water Treaty with Pakistan.
External Affairs Minister S Jaishankar on Tuesday spoke differently on the phone to the foreign ministers of seven temporary member countries of the United Nations Security Council (UNSC). These include Slovenia, Panama, Algeria and Guyana as well as the Republic of Denmark, Pakistan and Korea.
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