India Urges IMF to Reconsider $1B Pakistan Loan Over Terror Funding Concerns
India Urges IMF to Reconsider $1B Pakistan Loan Over Terror Funding Concerns

India Urges IMF to Reconsider $1B Pakistan Loan Over Terror Funding Concerns

News summary

Indian Defence Minister Rajnath Singh has strongly urged the International Monetary Fund (IMF) to reconsider its $1 billion aid package to Pakistan, warning that the funds could be diverted to finance terrorism. Singh highlighted concerns that Pakistan might use the IMF bailout to support terror infrastructure, a claim Pakistan denies, labeling India's statements as desperate. This call came amid heightened tensions following Operation Sindoor, where India targeted terror camps inside Pakistan-occupied Kashmir using advanced indigenous missile systems, demonstrating India's enhanced military capabilities. Despite India’s opposition and abstention from the IMF vote, the fund proceeded with the loan, which Pakistan has already accessed to stabilize its economy amid a severe crisis. Singh also emphasized that international financial assistance should not facilitate terrorism and lauded the Indian armed forces for their swift and effective counterterrorism response. India is simultaneously seeking a significant increase in its defense budget to further upgrade its military technology and ammunition supplies.

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