India has formally urged the International Monetary Fund (IMF) to review the financial assistance provided to Pakistan, following a deadly attack in Indian Illegally Occupied Jammu and Kashmir (IIOJK) that claimed 26 lives last week, according to a Reuters report citing a senior Indian government official.
The incident has escalated tensions between the two nuclear-armed neighbors, with both countries initiating retaliatory measures, sparking fears of a possible military confrontation.
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Earlier this week, the IMF announced that its Executive Board will meet on May 9 to review the first tranche of Pakistan’s $7 billion bailout program, as well as consider a new $1.3 billion climate resilience loan. India has raised objections to these financial packages, citing security and geopolitical concerns, and requested the IMF to re-evaluate its assistance to Pakistan in light of recent developments.
The senior Indian official did not elaborate on the specific demands made to the IMF. Meanwhile, both the IMF and India’s Ministry of Finance have declined to comment publicly on the matter so far.
This development underscores the growing strain in Indo-Pak relations and adds a diplomatic dimension to Pakistan’s economic recovery efforts, which are heavily reliant on foreign funding and multilateral support.
