 "IMF, International Monetary Fund")
The decision by the International Monetary Fund (IMF) to approve a $2.4 billion lending programme to Pakistan while it was engaged in a tense military standoff with its neighbour has been met with concern and disappointment in India. Subsequently, in a supplementary note, the IMF admitted that its reputation could be tarnished by any perceived misuse of funds, but it also claimed that “these recent developments do not alter the thrust of the staff appraisal.”
The IMF’s actions have raised many questions: Why would a multilateral institution, committed to neutrality, make such a move during an active war between its
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