🇮🇳 India’s Stand in the IMF: Raising Concerns Over Pakistan’s Repeated Bailouts
Imphal By UrNews7 May, 9th 2025
India’s Stand in the IMF: A Firm Message Against Repeated Bailouts
New Delhi, 9 May 2025 – In a significant move, India’s stand in the IMF emerged as a bold and assertive voice during the recent board meeting of the International Monetary Fund (IMF). The meeting reviewed Pakistan’s Extended Fund Facility (EFF) of $1 billion and a proposed Resilience and Sustainability Facility (RSF) of $1.3 billion.
India’s Stand in the IMF Questions Fund’s Credibility
India actively participated in the discussion and firmly expressed concerns regarding Pakistan’s poor track record. In fact, India’s stand in the IMF questioned how the country could seek another bailout despite years of financial aid. Notably, since 1989, Pakistan has received IMF disbursements in 28 out of 35 years.
Additionally, India emphasised that if previous IMF programs had worked, Pakistan would not need another bailout. Thus, India flagged issues with either the program design, its monitoring, or Pakistan’s lack of implementation.
Concerns Over Misuse and Terror Financing Highlighted by India’s Stand in the IMF
Moreover, India’s stand in the IMF highlighted another alarming issue—the risk of IMF funds being diverted to support state-sponsored cross-border terrorism. This worry echoed strongly with several member nations.
India also warned about the Pakistan Army’s deep involvement in its economy, referencing the 2021 UN report calling military-owned businesses the largest in the country. Despite civilian governance, the military dominates economic decisions and now leads the Special Investment Facilitation Council.
Furthermore, India referred to the IMF’s own report on Pakistan’s prolonged use of resources, which admits there’s a perception of political influence in IMF decisions.
Global Impact of India’s Stand in the IMF
Undoubtedly, India’s stand in the IMF has raised vital ethical questions. It warned that financing countries like Pakistan without accountability risks global credibility and values. Repeated bailouts not only increase debt but undermine the purpose of sustainable reform.
In conclusion, while the IMF acknowledged India’s points, it cited technical limitations in acting further. India, in a principled stance, abstained from the final vote.
India’s stand in the IMF highlighted Pakistan’s poor record, risk of terror funding, and military interference, urging the IMF to uphold global values.
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