Brief by Shorts91NewsDesk / 05:19am on 10 May 2025,Saturday India Global
The International Monetary Fund (IMF) has approved a $1 billion tranche for Pakistan under its $7 billion Extended Fund Facility (EFF) and a $1.3 billion tranche under the Resilience and Sustainability Facility (RSF). India abstained from voting, expressing "strong dissent" due to Pakistan's "poor track record" and concerns over potential misuse of funds for state-sponsored cross-border terrorism. India's Ministry of Finance highlighted that fungible inflows from international financial institutions could be diverted for military purposes, a concern echoed by several IMF member countries. Opposition parties in India criticized the abstention, suggesting a direct "no" vote would have sent a stronger message. However, IMF decisions are typically made by consensus, and formal "no" votes are not customary. (PC: PTI, India Today)
