Brief by Shorts91 NewsDesk / 08:49am on 23 May 2025,Friday India Global
India plans to raise concerns with the World Bank regarding its proposed $20 billion aid package to Pakistan, citing Islamabad's inadequate action against terrorism. This initiative follows a recent terror attack in Pahalgam, Jammu and Kashmir, which resulted in the deaths of 26 civilians. India intends to urge global financial institutions, including the IMF and ADB, to reassess their financial assistance to Pakistan, highlighting the country's history of misusing development funds and its failure to curb cross-border terrorism. The IMF Executive Board is scheduled to meet on May 9 to review Pakistan's funding facilities, including a $1.3 billion climate resilience loan and an ongoing $7 billion bailout package. (PC: Instagram)
