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    <title>India&#039;s stand in the IMF.</title>
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    <description>India challenged IMF lending to Pakistan on grounds of repeated program failures, weak implementation and monitoring, and Pakistan&#039;s heavy indebtedness undermining program effectiveness. India also warned that entrenched military control of economic affairs raises the risk that fungible inflows could be misused for state sponsored cross border terrorism, creating reputational risks for donors and pointing to a need for stronger procedural safeguards; the IMF noted India&#039;s statements and abstention.</description>
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