In a recent aggressive move, India warned International Monetary Fund against IMF loan to Pakistan.
Regarding IMF Loan to Pakistan, India argued that Pakistan is under the scrutiny of FATF or Financial Action Task Force. They warned IMF to stay away from the bailout as Pakistan is also in the greylist for terror financing.
According to sources, Indian officials pointed out that the multilateral agency can face ‘possible embarrassment’ if it bails out Pakistan, as the country is ‘grey-listed’ and facing a high probability of getting ‘black-listed’.The recent warning has come ahead of next month’s peer review of Pakistan’s progress regarding FATF’s prescribed action plan. According to sources, India has been a part of the annual meetings of the IMF and the World Bank.
It needs to be mentioned here that Pakistan is working hard to get off the FATF greylist. It has filled several gaps in the policies to curb terror financing. The next review of Pakistan’s progress will take place in June 2019.