India set to argument its case today before the IMF, aiming to review the bailout package provided to Pakistan.
Rewritten Article:
India's Foreign Secretary, Vikram Misri, has announced India's intentions to voice its concerns regarding IMF loans to Pakistan during a board meeting in Washington scheduled for this Friday. Misri made these statements in response to India's call for a reevaluation of these loans.
During a media briefing on Thursday, Misri stated, "Our executive director will put forward India's position during the board meeting of the global financial body." He also mentioned that Pakistan's use of IMF funds might indirectly support Pakistan's military intelligence operations, including groups associated with terrorism, such as Lashkar-e-Toiba (LeT) and Jaish-e-Mohammed (JeM).
Misri expressed disappointment at the ineffective outcomes of the 24 bailout packages sanctioned by the IMF for Pakistan. The current Executive Director at the World Bank, Parameswaran Iyer, has been overseeing this role, following the removal of K.V. Subramanian as the IMF Executive Director.
Pakistan has received recent IMF loans, such as a $7 billion loan in September 2024 and a $1.3 billion climate change-related loan in March 2025. These loans, subject to conditions for the loanee countries to structurally reform their economies, have prompted India's concerns.
The IMF's review on May 9 will determine if Pakistan meets the necessary conditions to receive the next tranche of funding. Critics argue that the timing of this review is especially sensitive, as it occurs just days after India's "Operation Sindoor," targeting terror camps in Pakistan and Pakistan-Occupied Kashmir.
India's calls for a financial assistance reassessment gain weight amid mounting concerns about Pakistan using these funds to sustain cross-border terrorism activities. Pakistan, currently grappling with a severe economic crisis, is highly dependent on IMF support through its Extended Fund Facility (EFF).
Foreign Secretary Misri cited the Pahalgam terror attack in Kashmir on April 22 as the instigator of rising tensions between the two nations. Despite Pakistan's denial, Misri stated that The Resistance Front (TRF), the terror group responsible for the attack, had publicly claimed responsibility. Moreover, Pakistan had objected to the mention of TRF in a UN Security Council statement on the attack, highlighting Pakistan's ongoing cover-up regarding its support for terror groups.
India's longstanding objections to Pakistan's backing of organizations like LeT and JeM remain a contentious issue between the two countries. Misri emphasized that Pakistan's actions destabilize the region, contributing to global terrorism. He also reminded the international community of Pakistan's role in harboring terrorists responsible for high-profile attacks across the world.
In his remarks, Misri also pointed to statements made by both Pakistan's Defense Minister Khwaja Asif and former Foreign Minister, confirming Pakistan's involvement with terrorist groups.
Military tensions between India and Pakistan continue, with both nations persistently targeting each other's military sites. On the night of May 7 and May 8, Pakistan reportedly targeted multiple military sites in northern and western India. This development comes amid escalating tensions between India and Pakistan following New Delhi's military strikes on Wednesday against terrorist infrastructure in Pakistan and Pakistan-Occupied-Kashmir.
- The discussions in the upcoming IMF board meeting in Washington this Friday include India's concern about the impact of finance on politics, as they intend to voice their dissatisfaction regarding IMF loans to Pakistan.
- The sports of diplomacy and general-news have intertwined, with India's Foreign Secretary, Vikram Misri, mentioning Pakistan's indirect financial support to military intelligence operations, including terror groups like Lashkar-e-Toiba (LeT) and Jaish-e-Mohammed (JeM), during a media briefing.
- In light of Pakistan's economic struggles and high dependency on IMF support, the sports world has witnessed an unconventional rivalry between India and Pakistan, with finance and business Added to the ongoing competition, as India expresses concerns about Pakistan utilizing IMF loans to sustain cross-border terrorism activities.
