ISLAMABAD: The India government has faced another failure at the diplomatic front as the International Monetary Fund (IMF) has rejected India’s request of stopping the Pakistan’s financial aid, adding that IMF could not comment on the concerns of other countries.
Mahir Benisi, an IMF representative has confirmed that the scheduled Executive Board meeting on May 9 will be proceeded and the meeting will consider Pakistan’s financial assistance requests.
Regarding the India’s objection on the IMF program for Pakistan, Mahir Benisi has said that the IMF could not comment on the concerns of other countries.
Earlier, Pakistan’s Ministry of Finance officials have expressed confidence that the country will receive crucial financial support during this meeting. They expect approval for the $1.3 billion Resilience and Sustainability Facility (RSF) program, aimed at addressing climate change challenges, alongside a crucial addition of $1 billion to the ongoing $7 billion Extended Fund Facility (EFF) program.
India requested the IMF of reviewing its financial assistance to Pakistan. International news agency Reuters quoted an Indian government source that India had officially asked the IMF to review the loans disbursed to Pakistan.
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This demand came amid heightened tensions between the two countries following the Pahalgam attack in Indian occupied Kashmir, in which 26 people were killed and 20 others were injured. India has accused Pakistan of involvement in the incident; however, the Pakistan political and military leadership has categorically rejected the allegations and offer to investigate the incident through UN officials or any other impartial body. The Pakistan is still waiting for the India response in this regard.
