Pahalgam Terror Attack Aftermath: India to oppose IMF, other MDBs lending to Pakistan, say sources

India-Pakistan Conflict After Pahalgam Terror Attack, IMF Executive Board Meeting Tentative Date: Amid rising India-Pakistan tensions following the terror attack in Pahalgam, Jammu and Kashmir, last month, India is likely to oppose a proposed loan by the International Monetary Fund (IMF) to Pakistan, sources told Zee Business. India may also challenge potential lending by other multilateral development banks (MDB), besides the IMD, according to the sources.

The news comes as the IMF is scheduled to conduct an executive board meeting tentatively on May 9 to conduct the first revise of its extended arrangement for Pakistan under its extended fund facility. Pakistan’s requests for modification of performance criteria and for an arranagement under the resilience and sistanability facility are also on the agenda of the meeting, according to the IMF portal, imf.org.

The US-based multilateral development lender updates a tentative calendar of its executive board’s formal meetings and seminars in the next seven days on its portal.

The calendar is subject to change, with the agenda for each meeting typically finalized the day before ht emeeting, according to the IMF webste.

The IMF board is set to discuss a new potential arrangement to the tune of $1.3 billion for Pakistan under a climate resilience loan programme. Additionally, it is also due to reviews its ongoing $7 billion bailout package for that country.

Indus Water Treaty stands suspended after Pahalgam terror attack

Last week, India informed its bordering neighbour about its decision to keep the Indus Water Treaty suspended with immediate effect, citing a breach of the treaty’s conditions by Pakistan.

26 people killed in April 22 Pahalgam attack

In the afternoon hours on April 22, a deadly terror attack in Pahalgam left 26 people dead.

Pahalgam Terror Attack: India’s stance in cross-border terrorism by Pakistan

India has taken a clear stand that sustained cross-border terrorism by Pakistan, targeting Jammu and Kashmir, impedes its rights under the Indus Waters Treaty.

Several global leaders, including US President Donald Trump, have condemned the Pahalgam terror attack, extending support to India.