India’s Abstention in IMF Vote on Pakistan Loan: Explained
Decision-Making at the IMF
▶️The IMF Executive Board consists of 25 Directors who represent member countries or groups of countries. It handles daily operational matters, including loan approvals.
▶️Unlike in the United Nations, where each country has one vote, IMF voting power reflects the economic size of each member. For instance, countries like the United States hold a disproportionately high voting share. Thus to simplify things, The IMF typically makes decisions by consensus.
▶️In cases where a vote is required, the system does not allow a formal "no" vote. Directors can either vote in favor or abstain. There is no provision to vote against a loan or proposal.
Why India Abstained
▶️India abstained from the recent IMF vote on approving a loan to Pakistan not due to a lack of opposition, but because IMF rules do not permit a formal “no” vote.
▶️By abstaining, India conveyed its strong dissent within the constraints of the IMF’s voting system and used the opportunity to formally record its objections.
India’s key objections included:
▶️India questioned the effectiveness of ongoing IMF assistance, noting that Pakistan has received support in 28 of the past 35 years including four programs in just the last five without meaningful or lasting reform.
▶️India strongly highlighted the Pakistani military’s continued dominance in economic affairs, which undermines transparency, civilian oversight, and sustainable reform.
▶️India firmly opposed providing funds to a country that continues to sponsor cross-border terrorism, warning that such support carries reputational risks for global institutions and undermines international norms.
GoI sources
IT TAKES INTELLECTUALS TO COME UP WITH SOME OF THE DUMBEST IDEAS
Professor @GadSaad :
"The academic who literally lives in the Ivory Tower is fully detached from the auto corrective mechanism of reality.
In other disciplines, like the humanities and some of the social sciences, I could sit on top of my pulpit, and pontificate about nonsense.
There isn't an auto corrective mechanism called reality, and that's why I become the promulgator of nonsense."
Source: PragerU
I have read the Hindenburg Report released today.
You should too - to fully understand how foreign-funded propaganda works.
As a Criminal Lawyer two things are crystal clear to me:
First, there is no evidence anywhere in the Report to back the claim that the SEBI Chairperson took any bribes. Routine investment instruments have been sensationalised in the Report to create an impression of ill-gotten and opaque wealth.
Second, the Report tries to spin the illusion that the mere existence of an offshore entity implies that some criminal activity has taken place. Without any evidence linking a decision or favour to the alleged beneficiary - the Adani Group - the Report clumsily recycles its own earlier claims which were debunked by the Supreme Court.
No criminal court anywhere in the world would take cognisance of this “material” as no criminality is made out.
With each passing day, it only becomes clearer to me that there is a desperate cabal operating in India and abroad aiming to destabilise Indian markets and ultimately overthrow Prime Minister @narendramodi.
I hope, for the sake of democracy and India, that our investigating agencies are alive to this very real and present danger.