New Delhi, May 9 -- India today said that it raised concerns over the efficacy of the International Monetary Fund's programmes in the case of Pakistan given Islamabad's poor track record, and also on the possibility of misuse of debt financing funds for state sponsored cross-border terrorism. India abstained from voting on the IMF's bailout package for Pakistan.
In a statement, the Ministry of Finance said the International Monetary Fund (IMF) today reviewed the Extended Fund Facility (EFF) lending program ($1 billion) and also considered a fresh Resilience and Sustainability Facility (RSF) lending programme ($1.3 billion) for Pakistan.
"As an active and responsible member country, India raised concerns over the efficacy of IMF programs i...