India, May 9 -- India has abstained from voting on the International Monetary Fund's (IMF) review of a USD 1 billion Extended Fund Facility (EFF) and a proposed USD 1.3 billion Resilience and Sustainability Facility (RSF) for Pakistan, the Ministry of Finance said in a statement released today.

In its statement, India voiced strong concerns over Pakistan's history with IMF loans and the risk of funds being diverted to support "state-sponsored cross-border terrorism."

It also noted that Pakistan has been a "prolonged borrower," receiving IMF disbursements in 28 of the 35 years since 1989. Additionally, the country has launched four separate IMF programmes in just the past five years.The statement underscored Pakistan's long-standing depe...