Brief by Shorts91 NewsDesk / 05:33am on 23 May 2025,Friday India Global
India abstained from the IMF's $2.1 billion bailout to Pakistan, citing concerns over fund misuse for terrorism and Pakistan's poor track record with IMF programs. India highlighted Pakistan's high debt burden and the military's significant role in its economy. Despite these concerns, the IMF defended the bailout, stating Pakistan met all required targets and imposed 11 new conditions, including budget approvals and financial strategies. The IMF acknowledged the India-Pakistan conflict and expressed hope for a peaceful resolution. (PC: The New Indian Express & India Today)
