India Set to Voice Concerns Over IMF Bailout for Pakistan Amid Rising Tensions

India plans to express its concerns at the IMF board meeting over the proposed bailout for Pakistan, citing the latter's support for terrorism. Tensions between the two countries have escalated following a terrorist attack in Jammu and Kashmir, prompting India to suspend the Indus Waters Treaty.

India is poised to express its reservations at the International Monetary Fund (IMF) board meeting regarding the pending bailout for Pakistan, citing Pakistan's ongoing support for terrorism as a significant concern. India's Foreign Secretary Vikram Misri announced this development on Friday during a press conference in the national capital.

In the wake of the April 22 terrorist attack in Pahalgam, Jammu and Kashmir, which resulted in 26 fatalities, primarily tourists, India has downgraded diplomatic relations with Pakistan significantly. This has led to the suspension of the Indus Waters Treaty of 1960, a move that is set to substantially impact Pakistan's water supply over time.

Furthermore, India is preparing to petition the Financial Action Task Force (FATF) to consider adding Pakistan to its 'grey list', a designation that would complicate Pakistan's access to international financial aid. Meanwhile, World Bank President Ajay Banga clarified that the Bank's role in the Indus Waters Treaty remains limited to facilitation, dismissing speculation of direct involvement.

(With inputs from agencies.)