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of <h1>India Challenges World Bank's USD 20 Billion Pakistan Loan, Alleging Systematic Misuse of International Development Funds</h1> India plans to oppose World Bank's proposed USD 20 billion funding to Pakistan next month, arguing that the country historically misuses multilateral development funds for military purposes. Following similar actions against IMF's USD 2.3 billion assistance, India will present evidence of Pakistan's past misuse of international funds for arms procurement. The opposition stems from concerns about Pakistan's defense spending and potential diversion of development funds away from poverty alleviation.
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