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IMF Approves $1 Billion for Pakistan; India Raises Concerns

IMF Approves $1 Billion for Pakistan; India Raises Concerns

The International Monetary Fund (IMF) has approved a $1 billion tranche for Pakistan as part of a larger $7 billion lending program. India abstained from voting, expressing concerns over Pakistan's poor track record with IMF loans and the potential misuse of funds for terrorism. The Indian government stated that Pakistan has repeatedly required IMF bailouts, questioning the effectiveness of these programs. They also highlighted the influence of the Pakistani military in economic matters, which raises risks of policy failures. India's stance reflects its commitment to addressing issues of accountability and transparency in international financial assistance.

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