India likely to urge IMF to review bailout package for Pakistan

New Delhi: India may on Friday ask the International Monetary Fund to cautiously review its bailout package for Pakistan.

New Delhi’s concerns over the possibility of the IMF loans for Islamabad being used for money laundering and terror financing by organisations based in Pakistan will be conveyed at a meeting of the lending agency on Friday.

“India's executive director at the International Monetary Fund will put forward the country's position at a board meeting on Friday,” Foreign Secretary Vikram Misri said on Thursday.

"I think the case with regard to Pakistan is self-evident to those people who generally open their pockets to bail out this country,” said Misri. “This is a decision that the people on the IMF board have to take looking deep within themselves and at the facts,” he added.

Misri said that probably not many programmes under which such loans were given to Pakistan have reached successful conclusion.