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PRATHAM
Experimenting On lea...ย โขย 2m
Why couldnโt India stop Pakistanโs $2.4 billion IMF loan? The IMF is like a global emergency fund for countries in the financial crisis( like Pakistan ofc ). When a nation canโt pay its bills and no one else will help, the IMF helps but with strict rules (like reforms) to fix their economy. The IMF is funded by member countries. Bigger economies like the US, Japan, and China have more voting power. India contributes just 2.5%, so our say is limited. When Pakistanโs loan came up for approval, even if India voted โno,โ bigger players could still push it through. IMF rules donโt let countries reject loans. You can only vote โyesโ or don't vote to show disagreement. India likely didn't vote, but the loan still went through . The IMF recently approved a $1 billion (part of the $2.4 billion total) to Pakistan under its 37-month loan plan . While India opposed this, our smaller financial stake and lack of veto power meant we couldnโt block it . Indiaโs voice at the IMF might be weaker now. Dr. Krishnamurthy Subramanian, Indiaโs former top IMF representative, was replaced recently. Stronger representation could help India argue its case better in such global forums . Indians tax money funds the IMF, but decisions arenโt made by India.
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Rohan Saha
Founder - Burn Inves...ย โขย 2m
India is creating unicorn companies, building global brands, and striving to become a manufacturing hub. On the other hand, there is another country that gets so excited about receiving an IMF loan as if it has achieved a great victory. This is the d
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AjayEdupuganti
Hey I am on Medialย โขย 1y
USA wants to give $50 Billion loan to UKRAINE from russian seized/blocked assets in western banks. And they are pushing for it in G7. I bet this makes countries across the world who were interested in BRICS to push for it more. PS: Indian defence b
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