New Delhi, May 9 || India will oppose Pakistan’s case for availing a fresh $1.3 billion IMF loan at an executive board meeting of the multilateral institution to be held on Friday.
Foreign Secretary Misri confirmed that India’s executive director, Parameswaran Iyer, will participate in the upcoming IMF board meeting to highlight concerns related to Pakistan as a country that funds and actively promotes terrorism as a state policy.
He said that “the case with regard to Pakistan should be self-evident to those who generously open their pockets to bail out this country.”
He urged IMF board members to “look within and study the facts before extending further assistance.”
The IMF Executive Board will take a decision on Islamabad’s request for a loan under a climate resilience programme, along with the first review of the ongoing $7 billion bailout package that has been given to Pakistan.
India is staunchly opposed to extending financial assistance to Pakistan because of serious concerns over the neighbouring country’s role in financing terrorism. The IMF meeting comes within days of the horrific terror attack in Pahalgam, sponsored by Pakistan, in which 26 tourists were killed.