New Delhi, May 10 -- India has abstained from voting at the International Monetary Fund (IMF) Board Meeting, which considered a fresh bailout package for Pakistan. India also raised concerns over the efficacy of IMF programs in the case of Pakistan, given its poor track record, and also on the possibility of misuse of debt financing funds for state-sponsored cross-border terrorism.

The IMF reviewed the Extended Fund Facility lending program of one billion dollars and also considered a fresh Resilience and Sustainability Facility lending program of 1.3 billion dollars for Pakistan yesterday.In its statement at the meeting, India pointed out that rewarding continued sponsorship of cross-border terrorism sends a dangerous message to the glo...