Current Affairs - International - Discussion

The International Monetary Fund (IMF) reviewed and approved financial assistance to Pakistan, including a $1 billion Extended Fund Facility and a $1.3 billion Resilience and Sustainability Facility. India abstained from the vote on this bailout package, raising concerns about the potential misuse of the funds and questioning the effectiveness of IMF-supported programs based on Pakistan’s history of implementation challenges. The decision underscores India's cautious stance on international financial aid to countries with inconsistent reform records, particularly in politically sensitive regions.