India to ask global agencies including IMF, World Bank to review loans, grants to Pakistan: Report | India News

NEW DELH: India is about to urge global multilateral agencies, including the International Monetary Fund (IMF) and the World Bank, to review monetary help to Pakistan within the aftermath of the latest terror assault in J&K’s Pahalgam which claimed the lives of 26 civilians.
“We will be asking all multilateral agencies to review the loans and support to Pakistan,” a authorities supply advised information company PTI, signaling a broader diplomatic offensive in opposition to Islamabad.
Investigators have recognized 5 terrorists, including three Pakistani nationals, as being answerable for the bloodbath.
Defence minister Rajnath Singh has additionally known as Pakistan a “rogue state” fueling global terrorism. Echoing the sentiment, dwelling minister Amit Shah vowed that the perpetrators of the “cowardly” Pahalgam assault could be introduced to justice.
The diplomatic transfer comes forward of a key IMF government board assembly on May 9, the place Pakistan’s officers are scheduled to talk about the primary review of their Extended Fund Facility and a request beneath the Resilience and Sustainability Facility. The board may even consider a recent $1.3 billion local weather resilience mortgage and proceed review of a $7 billion bailout package deal.
In addition to the IMF, India can also be anticipated to increase issues with the Asian Development Bank (ADB) and the World Bank.
As of December 31, 2024, ADB had dedicated $43.4 billion to Pakistan by 764 loans, grants, and technical help initiatives. Its present sovereign portfolio consists of 53 loans and three grants totaling $9.13 billion, including a $320 million mortgage for rural street growth in Khyber Pakhtunkhwa.
In January 2025, the World Bank authorised a $20 billion help package deal for Pakistan geared toward serving to the nation overcome deepening financial challenges.