India Cautions IMF Against Bailout for Pakistan; Pak already under FATF Grey-List

NewsX 2019-04-20

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India and some other nations have cautioned the International Monetary Fund (IMF) about fresh bailout for Pakistan at a time when it is under the Financial Action Task Force's (FATF) scanner for its serious failure to crack down on terror funding. During recent meetings in Washington, Indian officials are learnt to have warned of possible embarrassment for the multilateral agency as they made the point that Pakistan was already 'grey listed' and faced a high probability of being in the 'black list' which will severely restrict its financial transactions with other nations.

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