IMF was heavy to give 1 billion dollars loans to Pakistan, now there is hard criticism

Admin — Sat, 10 May 2025 10:46:45 +0000

imf: Tension between India and Pakistan is at its peak after the terrorist attack in Pahalgam . Meanwhile, the International Monetary Fund (IMF) has approved the release of $ 1 billion for Pakistan under the Extendant Fund Facility (EFF). Due to this, IMF is now falling prey to strict criticisms.

With this, under this program, so far, the total payment made by IMF to Pakistan will now be $ 2.1 billion. Apart from this, IMF has also sanctioned $ 1.3 billion for Pakistan under climate flexibility and stability facility (RSF). This will help Pakistan promote climate change and economic stability. & Nbsp;

IMF’s strict criticism

For this decision, the IMF is facing sharp reactions not only from India but also from many other parts of the world. People say that this can weaken efforts to reduce stress.

It is worth noting that India did not participate in voting in the IMF meeting, when Pakistan had to consider a new bailout package. In the United Nation, such a country has the right to vote ‘NO’. The same is not in IMF. Here either you have to vote in favor or keep yourself away from voting and India kept itself away in voting for the funding of Pakistan. & Nbsp;

Fund may be misused & nbsp;

The decision to stay away from voting shows that India is strongly against the financial assistance given to Pakistan. India also used this opportunity to open the pole of Pakistan. After voting, a statement from the Finance Ministry said, in this "Laxity" Is. Also warned that other institutions like IMF can cost the use of funds to Pakistan in support of terrorism.

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India is prepaering to talk to time world bank and asian development bank for a reasessesment of financial assistance with extended to Pakistan

Admin — Fri, 02 May 2025 14:11:54 +0000

Pakistan Funding: In view of the terrorist attack in Pahalgam in Jammu and Kashmir, the Indian government is preparing to talk with many big financial institutions in the world to review the funding given to Pakistan and reduce it potentially.

Quoting a senior government official, Business Today informed in its report that India will soon talk to the International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB) and ask them to re -evaluate the financial assistance given to Pakistan.

India in concern about terrorism

The official said, “India is not taking the name of stopping terrorism across the border and in such a situation, India is worried about the continuous funding being received by Pakistan. This shows that after the recent incident in Pahalgam, India is trying to change its diplomatic efforts.

Tanghahal Pakistan is to get a loan of $ 7 billion in the 37 -month installment under the IMF’s bailout program to improve the revenue by improving revenue and reducing the fiscal deficit and bringing the economy here back on track.

In September 2024, Pakistan received approval from the International Monetary Fund for a loan of US $ 7 billion. Since 1958, Pakistan has spread its hands 24 times in front of the IMF.

Fund is not being used in these works

However, after Pakistan has repeatedly carried out the terrorist incidents, India can question its credibility and monitoring that Pakistan does not use this funding to shelter the terrorist, buy weapons and infiltrate the LOC.

According to reports, the Asian Development Bank has given financial assistance of $ 43.4 billion to Pakistan. The World Bank has also committed $ 49.7 billion for the ongoing 365 projects in Pakistan, including a big deal of $ 20 billion in January 2025.

The IMF is also associated with it under several programs to improve the Pakistani economy. It also includes an ongoing 7 billion dollar agreement. This help is important for Pakistan’s $ 350 billion economy.

Also read:

Pakistan passing through Kangali spread again in front of IMF, asked for $ 1.3 billion