After receiving the next tranche, Ukraine took second place among the IMF’s largest debtors
For many years, Argentina has been the leader in the ranking of countries with the largest amount of debt to the IMF.
Ukraine’s debt after receiving the fifth tranche from the International Monetary Fund (IMF) in the amount of $2.2 billion within the four-year Extended Fund Facility (EFF) program, Kyiv’s debt to the IMF increased to $13.85 billion. This is stated in messages on the foundation’s website.
Thus, Ukraine ranks second in the IMF’s rating of the largest debtors.
For many years, Argentina has maintained the status of the largest debtor before the IMF. In 2018, the fund granted the country the largest credit line in the history of the IMF for $57 billion, but later it found itself in a difficult situation again, which forced the authorities to turn to the IMF in 2022 for another loan of $44 billion. As of now, Argentina’s debt to the IMF is 40.94 billion dollars.
For a long time, Egypt has kept the second place in the rating of the largest debtor. Currently, its debt to the IMF is $13.59 billion, which is $0.26 billion less than Ukraine’s debt.
In general, the three largest IMF borrowers account for about half (46%) of all the fund’s loans. In total, 94 countries have outstanding loans to the fund. The amount of outstanding debt to the IMF, according to data as of July 4, 2024, amounted to $150.44 billion.
Which countries made it to the list of the biggest debtors.
According to the information posted on the IMF website, the major debtors also include:
- Ecuador ($8.55 billion),
- Pakistan ($8.37 billion),
- Angola ($3.95 billion),
- Colombia ($3.71 billion),
- Kenya ($3.39 billion),
- Ghana ($3.05 billion),
- Ivory Coast ($3.04 billion),
- Bangladesh ($2.84 billion),
- Costa Rica ($2.67 billion).
Among European countries, except for Ukraine, the debt to the IMF is owed to:
- Serbia ($1.25 billion),
- Moldova ($910.40 million),
- Georgia ($569.89 million),
- North Macedonia ($361.32 million),
- Armenia ($294.38 million),
- Bosnia and Herzegovina ($265.86 million),
- Albania ($200.34 million),
- Kosovo ($78.41 million),
- Montenegro ($39.95 million).
