India may oppose $1.3 billion IMF loan to Pakistan

India could oppose a proposed $1.3-billion International Monetary Fund (IMF) loan to Pakistan at the upcoming board meeting of the multilateral institution, three people familiar with the discussions said.

“There is a view that support to terror by the neighbouring nation be flagged at the board meeting when the loan is taken up,” one of the persons told ET.

The IMF board will on May 9 discuss a new $1.3-billion arrangement for Pakistan under its climate resilience loan programme. It will also conduct a review of the ongoing $7-billion bailout package, including progress with the policy milestones.