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of <h1>IMF Approves $2.4B Loan Package with Diplomatic Tensions, India Raises Concerns About Fund Allocation</h1> The International Monetary Fund approved a USD 1 billion loan for a country, with another facility of USD 1.4 billion. India abstained from voting, expressing concerns about potential misuse of funds for state-sponsored terrorism and questioning the effectiveness of previous financial assistance. The loan is part of a larger USD 7 billion aid package aimed at supporting economic reforms and sustainability, despite India's diplomatic objections.
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