WASHINGTON: Amid escalating tensions between Pakistan and India, the International Monetary Fund (IMF) has expressed hope for a peaceful resolution to the ongoing conflict.
In a statement, the IMF spokesperson said, “We hope for a peaceful resolution and de-escalation between the two parties.”
“The IMF supports Pakistan’s economic program through its Extended Fund Facility (EFF), which is specifically designed to build reserves and help reforms aligned with the objectives of the EFF, which are to restore macroeconomic policy credibility, build resilience including through stronger buffers, and create stronger inclusive growth.”
The IMF spokesperson said that the Board meeting for the first EFF review and RSF is scheduled for May 9.
Tensions are high between India and Pakistan after New Delhi started blaming Islamabad for alleged involvement in Pahalgam attack. On May 6, India attacked six cities in Pakistan with missiles, causing martyrdom 31 civilians and injuries to over 50.
Read more: Punjab on high alert following Indian attacks
Pakistan in retaliation shot down five Indian jets and caused heavy loss to the Indian Army at Line of Control (LoC).
Earlier, Director General of Inter-Services Public Relations (DG ISPR), Lieutenant General Ahmed Sharif Chaudhry, strongly warned India that every drop of innocent blood will be accounted for, sending a firm message that Pakistan will not tolerate any act of aggression.
Director General of Inter-Services Public Relations (DG ISPR) has strongly condemned India’s latest aggression, labelling it a “cowardly and disgraceful” attack on innocent civilians.
