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The International Monetary Fund (IMF) approved a $1 billion loan to Pakistan under the Extended Fund Facility. India abstained from voting, citing concerns about rewarding terrorism sponsorship. India’s abstention was due to the inability to formally vote “no” in the IMF system. Unlike the UN, IMF voting power is based on economic size, with decisions usually made by consensus. India questioned the effectiveness of ongoing IMF assistance to Pakistan, emphasizing lack of reform despite repeated support. India expressed strong dissent against funding a country that sponsors terrorism, highlighting reputational risks for global institutions.
