The International Monetary Fund executive board approved on Friday a fresh $1.4 billion loan to Pakistan under its climate resilience fund and approved the first review of its $7 billion program, freeing about $1 billion in cash.

India raised concerns over the efficacy of IMF programmes in the case of Pakistan and also on the possibility of misuse of debt financing funds for state-sponsored cross-border terrorism

The International Monetary Fund’s executive board on Friday approved a roughly $1 billion loan disbursements to Pakistan, bringing some relief for the nation’s fragile finances amid its worsening conflict with neighboring India.