• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Saturday, May 10, 2025
27 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    IPL 2025: Special Vande Bharat train with PBKS & DC teams, other key personnel reach New Delhi

    IPL 2025: Special Vande Bharat train with PBKS & DC teams, other key personnel reach New Delhi

    Chelsea’s quest for UCL qualification faces ‘huge’ Newcastle United hurdle

    Chelsea’s quest for UCL qualification faces ‘huge’ Newcastle United hurdle

    SAFF U-19 C’ship: India begin campaign with thumping 8-0 win over Sri Lanka

    SAFF U-19 C’ship: India begin campaign with thumping 8-0 win over Sri Lanka

    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

    Neeraj Chopra Classic 2025 postponed in light of India-Pakistan tension

    Neeraj Chopra Classic 2025 postponed in light of India-Pakistan tension

    Premier League: Erling Haaland 'ready' for Man City return ahead of Southampton trip

    Premier League: Erling Haaland 'ready' for Man City return ahead of Southampton trip

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    IPL 2025: Special Vande Bharat train with PBKS & DC teams, other key personnel reach New Delhi

    IPL 2025: Special Vande Bharat train with PBKS & DC teams, other key personnel reach New Delhi

    Chelsea’s quest for UCL qualification faces ‘huge’ Newcastle United hurdle

    Chelsea’s quest for UCL qualification faces ‘huge’ Newcastle United hurdle

    SAFF U-19 C’ship: India begin campaign with thumping 8-0 win over Sri Lanka

    SAFF U-19 C’ship: India begin campaign with thumping 8-0 win over Sri Lanka

    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    CAB postpones Bengal Pro T20 League Season 2 due to India-Pakistan conflict

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    FIFA approves expansion of Women’s World Cup to 48 teams starting with 2031 edition

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    KIYG 2025: Bihar teams claim rugby 7s gold in contrasting styles; Maharashtra leads medal table

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

    La Liga 2024-25: Girona coach Michel taken to hospital ahead of key game

    Neeraj Chopra Classic 2025 postponed in light of India-Pakistan tension

    Neeraj Chopra Classic 2025 postponed in light of India-Pakistan tension

    Premier League: Erling Haaland 'ready' for Man City return ahead of Southampton trip

    Premier League: Erling Haaland 'ready' for Man City return ahead of Southampton trip

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home Business

Explained: India's abstention during IMF vote on Pakistan loan

IANS by IANS
May 10, 2025
in Business
Explained: India's abstention during IMF vote on Pakistan loan
48
VIEWS
Share on FacebookShare on Twitter

New Delhi, May 10 (IANS) India on Friday strongly opposed further financial assistance from the International Monetary Fund (IMF) to Pakistan at its executive board meeting in Washington, DC.

ADVERTISEMENT

The IMF Executive Board consists of 25 Directors who represent member countries or groups of countries. It handles daily operational matters, including loan approvals.

Unlike in the United Nations, where each country has one vote, IMF voting power reflects the economic size of each member. For instance, countries like the United States hold a disproportionately high voting share. Thus, to simplify things, the IMF typically makes decisions by consensus.

In cases where a vote is required, the system does not allow a formal “no” vote. Directors can either vote in favour or abstain. There is no provision to vote against a loan or proposal.

According to government sources, India abstained from the IMF vote on approving a loan to Pakistan not due to a lack of opposition, but because IMF rules do not permit a formal “no” vote.

ADVERTISEMENT

By abstaining, India conveyed its strong dissent within the constraints of the IMF’s voting system and used the opportunity to formally record its objections.

India questioned the effectiveness of ongoing IMF assistance, noting that Pakistan has received support in 28 of the past 35 years including four programmes in just the last five without meaningful or lasting reform, sourced said.

India strongly highlighted the Pakistani military’s continued dominance in economic affairs, which undermines transparency, civilian oversight, and sustainable reform.

India firmly opposed providing funds to a country that continues to sponsor cross-border terrorism, warning that such support carries reputational risks for global institutions and undermines international norms, according to government sources.

The country abstained from voting on extending a fresh $1.3 billion IMF loan to Pakistan under the Resilience and Sustainability Facility (RSF) lending programme at the meeting.

–IANS

na/pgh

*Except for the headings & sub-headings, this story has not been edited by The enewstime.in and has been published from IANS feed.

Related Posts

US investment firm Vanguard cuts Ola's valuation to $1.25 billion as IPO faces uncertainty
Business

US investment firm Vanguard cuts Ola's valuation to $1.25 billion as IPO faces uncertainty

May 10, 2025
Shivraj Singh Chouhan assures adequate food supplies amid rising India-Pakistan tensions
Business

Shivraj Singh Chouhan assures adequate food supplies amid rising India-Pakistan tensions

May 10, 2025
Manappuram Finance clocks Rs 191 crore net loss in Q4, NII declines 6.7 pc
Business

Manappuram Finance clocks Rs 191 crore net loss in Q4, NII declines 6.7 pc

May 10, 2025
Enough rice, wheat, sugar, oil and pulses stock, no need to panic: Pralhad Joshi
Business

Enough rice, wheat, sugar, oil and pulses stock, no need to panic: Pralhad Joshi

May 10, 2025
India opposes IMF lifeline for Pakistan due to terror financing risk
Business

India opposes IMF lifeline for Pakistan due to terror financing risk

May 9, 2025
Sonowal takes stock of key port projects, cargo movement amid tensions with Pakistan
Business

Sonowal takes stock of key port projects, cargo movement amid tensions with Pakistan

May 9, 2025
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

Gujarat govt expands 542 general ambulances into 108 emergency service network

Bellamkonda Sai Sreenivas, Manchu Manoj-starrer 'Bhairavam' to release on May 30

Rs 70 lakh cash stolen from ATM van in Bihar's Chhapra

US investment firm Vanguard cuts Ola's valuation to $1.25 billion as IPO faces uncertainty

New low even for Pakistan: India hits out at Islamabad for targetting religious places

IPL 2025: Special Vande Bharat train with PBKS & DC teams, other key personnel reach New Delhi

Contact us

ssss

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP