Archive image: Jammu and Kashmir CM Omar Abdullah | Photo credit: ANI
The approval of the International Monetary Fund for a new section of support for Pakistan has not dropped well in India. While Jammu and Kashmira’s prime minister, Omar Abdullah, questioned the logic behind the measure, the main congestion of the opposition party said that India has “queue” to refrain from voting on the proposal.
“I am not sure of how the” international community “believes that the current tension in the subcontinent will be described when the IMF essentially reimburses Pakistan for all the artillery he is using to devastate Poonch, Rajouri, Uri, Tangdhar and so many other places,” said Abdullah in a social media mail.
In a leader of the Post senior congress, Jairam Rames said that on April 29, his party had demanded that India vote against the IMF loan to Pakistan, which was considered Friday by its executive board. India has only refrained from the vote. “The Modi government has accelerated. A non -strong would have sent a powerful sign,” he said.
On Friday, the Executive Board of the International Monetary Fund (IMF) completed the first review of the Pakistan Economic Reform Program supported by the Extended Fund Agreement (EFF). This decision allows an unrelated disbursement of around $ 1 billion (SDR 760 million), which carries the total disbursements under the agreement to approximately $ 2.1 billion (SDR 1.52 billion). In addition, the IMF Executive Board approved the application of the authorities of an agreement under the resilience and sustainability center (RSF), with access to approximately $ 1.4 billion (SDR 1 billion).
As a member of the Executive Board, India registered its strong objection, but refrained from the vote as, according to the officials, there is no formal ‘no’ disposition in the voting process. The Board consists of 25 directors representing member countries or groups of countries. Unlike the United Nations, where each country has a vote, the IMF’s voting power reflects the economic size of each member. For example, countries like the United States have a voting participation of 16.49 percent, followed by Japan and China with 6.41 and 6.08, respectively. India has a participation or in 2 percent.
Duration the Meeting India Said: “While the concerning that fungible inflows from international Financial Institts Like IMF Could Be Misused for Military and State Sponsored Cross-Border Terrorist Purposes Resonated With Several Bucentries and The Imfaals and The Imfaal Brauribed Italibed Imnalibed Byibed and the imfaal braibed and the imfaals and severcrirdial and severcribed and severcribed and severcribed and severe and several formed by several, and several formed and several formalities of several ships is a serious gap that highlights the urgent need for moral values to receive an appropriation in the procedures followed by global financial institutions ”, a declaration of the Ministry of Finance. India was represented by the executive director of the World Bank Parameswaran Iyer, who received a temporary position when the government reduced the mandate of executive director K V Subramanian.
Last September, the IMF Executive Board approved an extended 37 -month agreement under the EFF for Pakistan for the amount of SDR 5.320 million (or around $ 7 billion). While there was an immediate outlay of $ 1 billion, a Friday meeting was convened to review the Pakistan financing program.
Duration The meeting, India raised Conns about the effectiveness of IMF programs in the case of Pakistan, given its poor history, and also about the possibility of misuse or debt financing funds for cross -border terrorism sponsored by the State. He said that Pakistan has been a prolonged borrower of the IMF, with a very poor history of implementation and adhesion to the IMF program conditions. In the 35 years since 1989, Pakistan has had IMF disbursements in 28 years. In the last 5 years since 2019, there have been 4 IMF programs.
Posted on May 10, 2025