IMF Approves $1 Billion Pakistan Payment Over India Protest

Bloomberg News

Summary

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Prime Minister Narendra Modi chairs a high-level meeting with Secretaries of various Ministries and Departments of the Government of India to review national preparedness and inter-ministerial coordination in light of recent developments concerning national security, in New Delhi on Thursday.
Hindustan Times
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Jammu and Kashmir Chief Minister Omar Abdullah slammed the IMF for granting a billion dollar loan to Pakistan.
ABP Live
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As an active and responsible member country, India raised concerns over the efficacy of IMF programs in case of Pakistan given its poor track record, and also on the possibility of misuse of debt financing funds for state-sponsored cross-border terrorism,' India said in its statement on its stand at IMF.
Deccan Herald
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The review approval brings disbursements to $2 billion within the $7 billion program.
Reuters

■ Story #544 ▪

issue 88:88 ▪

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updated 88:88

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