Why did India abstain from IMF’s review of Pakistan’s financial aid?
How did your country report this? Share your view in the comments.
Introduction:
The news topic “Why did India abstain from IMF’s review of Pakistan’s financial aid?” has drawn international attention, with various media outlets providing diverse insights, historical context, political stances, and on-the-ground developments. Below is a curated overview of how different countries and media organizations have covered this topic recently.
Quick Summary:
- India raises concerns over Pakistan’s use of IMF funds to fund terrorism. India says Pakistan’s military has been involved in funding terrorism for years. India is concerned about the use of the IMF to pay for military-linked projects in Pakistan. The Indian government is also concerned about Pakistan’s role in the Kashmir conflict. It is concerned that the conflict could be used to fund military-backed projects in the region, including the Kashmir region, which has been at the center of the conflict for decades. The U.S. government has also raised concerns over the misuse of the U.N.’s International Monetary Fund to fund Pakistan’S military-led projects in Kashmir. The United States has been accused of using the IMF as a tool to fund the conflict in Afghanistan.
- The International Monetary Fund (IMF) approved a $2.3 billion loan package for Pakistan. India abstained from the decision citing concerns of fund misuse for terrorism and a poor reform track record by Pakistan. Each country’s vote is weighted based on its financial contribution (quota) to the IMF. The United States, China, Japan, Germany, and India, among others, have some of the largest quotas, which gives them a proportionately higher vote share.Although each country has a seat or is part of a constituency, decisions are often made by consensus rather than a simple majority or direct yes/no votes. There is no provision for a formal “no’ vote in IMF decisions. India used this mechanism to express strong dissent without outright blocking the programme.
- India has been working up its diplomatic channels to ensure the world cuts off any economic lifeline to Pakistan. Pakistan says the International Monetary Fund had authorised the ‘immediate disbursement’ of a billion-dollar bailout to its troubled economy. India highlighted how Pakistan has been a defaulter and that these funds have never been used for the development and upliftment of the people of Pakistan and, instead, have been diverted to terror funding. The IMF did not consider this factor. Pakistan has already received 24 bailouts in the last couple of years. India pointed out that rewarding continued sponsorship of cross-border terrorism sends a dangerous message to the global community, exposes funding agencies and donors to reputational risks, and makes a mockery of global values. Pakistan’s debt burden is very high, which paradoxically makes it a ‘too big to fail’ debtor for the IMF.
Country-by-Country Breakdown:
Original Coverage
India raises concerns over Pakistan’s use of IMF funds to fund terrorism. India says Pakistan’s military has been involved in funding terrorism for years. India is concerned about the use of the IMF to pay for military-linked projects in Pakistan. The Indian government is also concerned about Pakistan’s role in the Kashmir conflict. It is concerned that the conflict could be used to fund military-backed projects in the region, including the Kashmir region, which has been at the center of the conflict for decades. The U.S. government has also raised concerns over the misuse of the U.N.’s International Monetary Fund to fund Pakistan’S military-led projects in Kashmir. The United States has been accused of using the IMF as a tool to fund the conflict in Afghanistan. Read full article
Explained: Who votes during IMF loan sanctions, and why India abstained on Pakistan’s bailout
The International Monetary Fund (IMF) approved a $2.3 billion loan package for Pakistan. India abstained from the decision citing concerns of fund misuse for terrorism and a poor reform track record by Pakistan. Each country’s vote is weighted based on its financial contribution (quota) to the IMF. The United States, China, Japan, Germany, and India, among others, have some of the largest quotas, which gives them a proportionately higher vote share.Although each country has a seat or is part of a constituency, decisions are often made by consensus rather than a simple majority or direct yes/no votes. There is no provision for a formal “no’ vote in IMF decisions. India used this mechanism to express strong dissent without outright blocking the programme. Read full article
India Abstains As IMF Votes To Bail Out Pakistan, But Congress Attacks Modi Govt On Strategy
India has been working up its diplomatic channels to ensure the world cuts off any economic lifeline to Pakistan. Pakistan says the International Monetary Fund had authorised the ‘immediate disbursement’ of a billion-dollar bailout to its troubled economy. India highlighted how Pakistan has been a defaulter and that these funds have never been used for the development and upliftment of the people of Pakistan and, instead, have been diverted to terror funding. The IMF did not consider this factor. Pakistan has already received 24 bailouts in the last couple of years. India pointed out that rewarding continued sponsorship of cross-border terrorism sends a dangerous message to the global community, exposes funding agencies and donors to reputational risks, and makes a mockery of global values. Pakistan’s debt burden is very high, which paradoxically makes it a ‘too big to fail’ debtor for the IMF. Read full article
India Opposes IMF Funding To Pakistan Amid Cross-Border Terrorism Concerns
India on Wednesday firmly opposed providing funds to a country that continues to sponsor cross-border terrorism. The stand was taken during the International Monetary Fund’s (IMF) review of a USD 1 billion Extended Fund Facility (EFF) and consideration of a fresh USD 1.3 billion Resilience and Sustainability Facility (RSF) for Pakistan. India abstained from the recent IMF vote on approving a loan to Pakistan, not due to a lack of opposition, but because IMF rules do not permit a formal “no” vote. New Delhi conveyed its strong dissent within the constraints of the IMF’s voting system and used the opportunity to record its objections formally. India’s key objections included. the Pakistani military’s deeply entrenched interference in econo Read full article
Global Perspectives Summary:
Global media portray this story through varied cultural, economic, and political filters. While some focus on geopolitical ramifications, others highlight local impacts and human stories. Some nations frame the story around diplomatic tensions and international relations, while others examine domestic implications, public sentiment, or humanitarian concerns. This diversity of coverage reflects how national perspectives, media freedom, and journalistic priorities influence what the public learns about global events.
How did your country report this? Share your view in the comments.
Sources:
- Original Article
- Explained: Who votes during IMF loan sanctions, and why India abstained on Pakistan’s bailout
- India Abstains As IMF Votes To Bail Out Pakistan, But Congress Attacks Modi Govt On Strategy
- India Opposes IMF Funding To Pakistan Amid Cross-Border Terrorism Concerns
Source: https://www.hindustantimes.com/india-news/why-did-india-abstain-from-imfs-review-of-pakistans-financial-aid-details-here-101746813961470.html