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- India to take up Pakistan Funding with World Bank, May Rake Up Fatf Grey List Issue
New Delhi8 minutes ago
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India will raise the issue of funding to Pakistan in a meeting with the World Bank in June 2025. Apart from this, the Indian government will also put the issue of putting back Pakistan in the gray list of Financial Action Task Force (FATF). Government sources have informed the news agency PTI about this.
The government source said that the Government of India will put a strong case in front of FATF to put Pakistan again in the ‘gray list’ again due to failure to follow the anti -money laundering and Terror Financing Rules. FATF has a three -time (February, June and October) meeting of FATF.
FATF removed Pakistan from gray list in 2022
In 2018, Pakistan was placed in the gray list of FATF. Then he gave an action plan to curb money laundering and terror financeing. After this, in 2022, FATF removed Pakistan from this gray list.
World Bank can approve Pakistan’s loan
At the same time, the World Bank may approve Pakistan’s $ 20 billion loan package in June this year. This loan package is part of a 10-year program named ‘Pakistan Country Partnership Framework 2025-35’.
It aims to improve social indicators, focus on areas such as child malnutrition, learning power, climate resilance and private investment and expand fiscal space.
India opposed Pakistan’s bailout package
The Government of India also opposed the $ 2.4 billion bailout package to Pakistan on 9 May by the International Monetary Fund (IMF). After this, the IMF has placed 11 new conditions in front of Pakistan to release the next installment of the bailout package. The new terms include parliamentary approval for a federal budget of 17.6 trillion rupees, higher date servicing surcharge on electricity bills and removal of old use cars.
India contacted IMF regarding Pakistan’s relief package
The IMF’s Staff-Level report states that the increasing tension between India and Pakistan, if it continues or deteriorates, may increase the risk for the program’s fiscal, external and reform goals.
According to sources, the Government of India contacted the IMF managing director Christalina Georgree to give relief package to Pakistan. Government sources told Georgree that the Government of India is not against funding any country, but statistics suggest that Bellout has been given during a situation like war.
Pakistan promoted terrorism with funds
IMF has assisted Pakistan 28 times, but used these funds to buy arms and promote terrorism instead of improving the country’s economic condition.
Apart from this, the government has also raised the issue of assistance from the IMF to Pakistan in front of the foreign ministers of Germany, Italy and France. Indian Embassy is contacting all the counterparts of IMF to help in the issue.
IMF defends its bailout package given to Pakistan
Meanwhile, IMF has defended its bailout package given to Pakistan. The IMF said that Pakistan has fulfilled all funding conditions, due to which the package has been approved.
On 9 May 2025, when the IMF board meeting was being held for the approval of this package, India objected to the loan and did not join the voting.
India had said- the package should be considered again, because Pakistan can use these money to promote terror. However, IMF did not accept it.
What did Julie Kozack Director of IMF Communication Department say?
Talking to BT TV, Julie Kosec, director of the IMF Communication Department, said, ‘I want to tell you three important things to help you understand it.
The objective of IMF finance is only to solve the issues of balance of payments. All Expended Fund Facility (EFF) disbursement to Pakistan go directly to the Central Bank Reserve.
These funds are not used for government budget financeing. There is no limit to the government to give loans from the central bank. The program includes structural reforms to improve fiscal management. “