General News of Friday, 17 May 2024

Source: www.ghanaweb.com

Ghana ranked among top 10 countries with the most debt to the IMF

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As global economic dynamics continue to evolve, the International Monetary Fund (IMF) plays a crucial role in providing financial assistance to countries facing economic challenges.

One important aspect of this assistance is the provision of loans to member countries to help stabilize their economies and address financial imbalances.

As a result, countries accumulate debt to the IMF, reflecting their reliance on external financial support.

GhanaWeb Business delves into the top 10 countries with the most debt to the IMF, shedding light on the magnitude of their financial obligations and the implications for their economic outlooks.

Ghana is however ranked among these top countries that have accumulated the most debt owed to the Fund.

The list is generated from the IMF's latest debt data.

See the full list below

1. Egypt
Egypt owes the IMF $11 billion.

2. Angola
Angola owes the IMF $3 billion.

3. Kenya
Kenya owes the IMF $3 billion.

4. Ghana
Ghana owes the IMF $2 billion

5. Cote D’Ivoire
Cote D’Ivoire owes the IMF $2 billion.

6. Argentina
Argentina owes the IMF $32 billion.

7. Colombia
Colombia owes the IMF $3 billion.

8. Ecuador
Ecuador owes the IMF $6 billion

9. Ukraine
Ukraine owes the IMF $9 billion.

10. Pakistan
Pakistan owes the IMF $7billion.



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