Despite opposition from India, the IMF provided a loan to Pakistan.

 

Amid the ongoing tension over the Kashmir issue, the International Monetary Fund (IMF) has approved an additional loan of about 1 billion US dollars to Pakistan. The amount is more than 8 thousand crore rupees in Indian currency. India is angry about this. Because the Modi government opposed giving a loan to Pakistan.

The IMF's debt board met in Washington on Friday. There, India expressed concern and said that Pakistan had failed to comply with the conditions for getting a loan from the IMF. Therefore, they should not be given a loan. Later, India abstained from voting in the IMF debt board meeting. Although the IMF finally approved additional loan to Pakistan despite India's opposition.

The country's media reported that the reason behind India's abstention from voting was that according to IMF rules, there is no opportunity for opposition in voting. That is, one cannot vote against the proposal. Either one has to support or abstain from voting. Although India had strong arguments in favor of not granting a loan to Pakistan, there was no opportunity to vote against it. Therefore, they protested by abstaining from voting.

India has said, 'Pakistan has been borrowing from the IMF for a long time. But they have set a bad example in using it. They have not even accepted the conditions of the IMF project.'

However, these allegations of India did not go unchallenged. The IMF gave the loan to Pakistan despite India's strong opposition. And India is angry with the IMF's decision; it is clear from the post made by the Chief Minister of Indian Jammu and Kashmir Omar Abdullah on X.

Where Abdullah wrote, 'I am not sure how the international community thinks that the current tension in the subcontinent will decrease. When the IMF is paying Pakistan for all the weapons it is using to destroy Poonch, Rajouri, Uri, Tangdhar and many other places.'