India and Pakistan engaged in the most intense fighting in decades with four days of escalating conflict that included fighter jets, missiles and drones packed with explosives. It ended almost as abruptly as it began.

On May 9, the IMF Executive Board approved a $1 billion tranche for Pakistan under the Extended Fund Facility (EFF), alongside $1.4 billion under the Resilience and Sustainability Facility (RSF), bringing total disbursements to approximately $2.

The Indian Air Force recently stated that the country’s air defence acted as a wall that Pakistan found “impossible to breach”