India Challenges Pakistan’s IMF Loans Amid Rising Tensions

India is set to formally present its stance on Pakistan’s financial assistance at the upcoming International Monetary Fund (IMF) board meeting. This move follows a deadly terrorist attack in Indian-administered Kashmir, which India attributes to Pakistan-based militants. In response, India has requested a review of the IMF’s $7 billion bailout and a recent $1.3 billion climate resilience loan granted to Pakistan.

Indian Foreign Secretary Vikram Misri confirmed that India’s executive director at the IMF will articulate these concerns during the meeting. This diplomatic initiative underscores India’s efforts to hold Pakistan accountable on international platforms.

Pakistan, on the other hand, maintains that its IMF program is progressing well. Khurram Schehzad, advisor to Pakistan’s finance minister, highlighted productive discussions with international financial institutions, emphasizing the country’s commitment to economic reforms.