Pakistan dismisses India's IMF loan concerns
India has asked the International Monetary Fund to review loans disbursed to Pakistan, an Indian government source told Reuters on Friday, as tensions between the South Asian neighbours escalated following a deadly attack in Kashmir.
Pakistan secured a $7 billion bailout programme from the IMF last year and was granted a new $1.3 billion climate resilience loan in March.
The programme is critical to the $350 billion economy and Pakistan said it has stabilized under the bailout that helped it stave off a default threat.
India raised concerns with the IMF on its loans to Pakistan, asking for a review, a government source told Reuters without elaborating. The IMF and India's finance ministry did not immediately respond to a request for comment.
"The latest review has been done well and we are completely on track," advisor Khurram Shehzad, told Reuters, adding that Pakistan had very productive spring meetings with financial institutions in Washington.
"We did about 70 meetings ... interest has been very high for investing and supporting Pakistan as the economy turns around," Shehzad said.
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