US Edition
India to Push FATF to Put Pakistan Under Its ‘Grey List’, Oppose World Bank Funding for Islamabad
- Following the April 22 terror attack in Pahalgam, India plans to urge the global anti-terror financing body to reinstate Pakistan on its grey list and to challenge a $20 billion funding proposal for Pakistan by the World Bank scheduled for June 2025.
- The central issue centers on Pakistan's inability to meet FATF requirements related to combating illicit financial activities and financing of terrorism, alongside India's concerns that Pakistan is utilizing multilateral funding to boost its defense acquisitions.
- India launched strikes on May 7 against terror infrastructure in Pakistan after the attack killed 26 civilians, mostly tourists, and now plans to submit a dossier to FATF before its June meeting while lobbying the World Bank to reconsider loans.
- The IMF approved a $1 billion loan to Pakistan in May 2025 after Islamabad met lending conditions, but India abstained, citing Islamabad's poor fund utilization and increased defense spending linked to prior IMF disbursements.
- India's actions aim to increase financial scrutiny on Pakistan, which could restrict Islamabad's capital inflows and impact future foreign aid amid ongoing bilateral tensions and concerns over cross-border terrorism.
20 Articles
20 Articles
India to push for adding Pakistan to FATF grey list
India will push the Financial Action Task Force (FATF), a global financial crime watchdog, to add arch-rival Pakistan back to its "grey list", and oppose upcoming World Bank funding to Islamabad, a top government source in New Delhi said on Friday. India announced a slew of measures as retribution for what it says are Pakistan-backed attacks on its soil — the latest of which killed 26 Hindu tourists in IIOJK last month — including keeping the In…
India hits back at Pakistan at UNSC over 26/11, Pahalgam attacks
United Nations: India on Friday slammed Pakistan at the UN Security Council, saying it has experienced decades of Pakistani sponsored terrorist attacks ranging from the 26/11 Mumbai attacks to “barbaric mass murder” of innocent tourists in Pahalgam last month. India’s Permanent Representative to the UN Ambassador Parvathaneni Harish made these comments while delivering a statement at the UN Security Council Open Debate. “I am constrained to resp…
India likely to move World Bank to tighten screws on Pak's economy, may approach FATF for its grey-listing
After having taken punitive actions by launching strikes against Pakistan-based terror infrastructure as well as its military installations in the wake of Pahalgam terror attack, India is set to tighten screws on Islamabad's economy as it is set to approach the World Bank as well as the terror financing watchdog, the Financial Action Task Force (FATF). New Delhi's prospective move is targeted at asking the World Bank to reconsider its expected a…
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