India to oppose World Bank’s funding to Pakistan next month
NEW DELHI, May 23 (PTI): India will next month oppose the World Bank funding to Pakistan, just as it had done in case of IMF, arguing that Islamabad had used such funds in the past to procure arms and ammunitions, a government source said.
Multilateral agencies’ funding to developing countries are meant for poverty alleviation and development goals, but Pakistan’s track record has been to misuse them for military purposes, the source said.
World Bank is likely to review next month its USD 20 billion lending to Pakistan under the Country Partnership Framework agreed in January this year.
