India is likely to press the Financial Action Task Force (FATF) to add Pakistan back to its grey list during the terror financing watchdog’s next meeting, news agency Reuters has reported.
“India will take it up in the FATF meeting coming up. India is making preparations accordingly,” sources said.
Countries on FATF’s grey list are subjected to increased monitoring and scrutiny on the financial front, which might lead to a significant drop in foreign direct investment inflows and aid approvals.
As a country is placed on the grey list, it means it has “committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring”.
As of now, 25 nations have been added to the grey list under FATF.
Pakistan was put on the grey list in 2018 by the FATF and was eventually taken off in 2022, which helped Islamabad gain access to loans and aid from global financial institutions.
According to media reports, apart from pressing FATF, New Delhi will also oppose the upcoming World Bank funding for Pakistan.
