As IMF gives $1bn loan to Pakistan, Congress evokes Indira Gandhi’s 1981 triumph

Jairam Ramesh praised Indira Gandhi’s leadership, recalling her success in securing a $5.8 billion IMF loan in 1981 despite US opposition. India later concluded the program successfully, foregoing $1.3 billion. This comes as India opposes IMF support to Pakistan, citing concerns over cross-border terrorism, while the IMF approved a $1 billion disbursement to Pakistan. Jairam Ramesh praised Indira Gandhi’s leadership, recalling her success in securing a $5.8 billion IMF loan in 1981 despite US opposition. India later concluded the program successfully, foregoing $1.3 billion. This comes as India opposes IMF support to Pakistan, citing concerns over cross-border terrorism, while the IMF approved a $1 billion disbursement to Pakistan.