7Photo© zeenews.india.comIndia Objects To Bailout Package For Pakistan, Says Funds 'Misused For Cross-Border Terrorism'
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India has abstained from voting on the International Monetary Fund’s (IMF) proposed USD 1.3 billion bailout package for Pakistan, sending a strong message to the world against terror-backing by Islamabad. New Delhi cited Islamabad’s “poor track record” in effectively utilising previous financial aid.
India questioned repeated IMF bailouts and cautioned against potential misuse of funds, given Pakistan's background of terror landscape. New Delhi has also appealed to the IMF to incorporate moral accountability into its lending criteria.
It also pointed out the potential risk of funding a country that has been funding terrorism for over decades. Rewarding such behavior sends wrong signals to the global community, India warned.
“ On April 29th, the INC had demanded that India vote against the IMF loan to Pakistan, which was considered today by its executive board. India has only abstained from the vote. The Modi Government has…
Jairam Ramesh,
India opposes IMF $2.3 billion bailout package to Pakistan, abstains…