Argentina leads in debt to the IMF, equivalent to 5% of GDP

What we're showing

The ten countries most indebted to the International Monetary Fund (IMF). Established in 1944, the IMF supports countries' economic growth by providing financial aid and guidance on policies to enhance stability, productivity, and job opportunities.

Methodology

We compiled this ranking using the International Monetary Fund's (IMF) data on Total IMF Outstanding Credit. We selected the latest debt data for each country, accurate as of April 29, 2024. 

Key takeaways

• Argentina's debt to the IMF is equivalent to 5% of the country's GDP.
• Five of the ten most indebted countries are in Africa, while three are in South America.
• Countries seek loans from the IMF to address economic crises, stabilize their currencies, implement structural reforms, and alleviate difficulties with payment balance.