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Today’s video takes you on a financial journey, exploring the Top 10 Countries Most in Debt to the IMF International Monetary Fund (IMF). Using the latest IMF data, accurate as of April 29, 2024, we reveal which nations owe the most and why.
🧑💼 Argentina: With a debt to the IMF equivalent to 5.3% of its GDP, Argentina tops the list, owing more than $32 billion. From the 1890s modernization of Buenos Aires to over 20 IMF bailouts in six decades, Argentina's debt history is long and turbulent.
🌍 Africa: Did you know that 5 of the 10 most indebted countries are in Africa? We’ll explore how economic challenges, political instability, and international loans have shaped the region’s financial landscape.
🇺🇦 Ukraine: As the only European nation on the list, Ukraine owes $9 billion to the IMF, largely due to the devastating impact of the conflict with Russia, which caused a major blow to the nation’s economy.
🤑 Global Debt Insight: Nearly 100 countries owe money to the IMF, totaling $111 billion, with these top 10 nations accounting for 69% of the debt.
Stay tuned for an insightful look into the world of international finance, and don’t forget to Like, Subscribe, and hit the bell to never miss an episode from Epic Journeys Await! 🚀
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