The International Monetary Fund was established in the years following World War II to assist in the management of world currency rates, but since then, the organization has experienced significant transformation. It serves as a lifeline for nations nowadays.
Argentina:
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The country’s debt to the IMF is equivalent to 5.3% of Argentina’s GDP, which is more than $32 billion.
Egypt:
Egypt’s debt to the IMF is equivalent to 3.1% of Egypt’s GDP, which is $11 billion.
Ukraine:
Ukraine’s debt to the IMF is equivalent to 4.7% of Ukraine’s GDP, which is $9 billion.
Pakistan:
Pakistan’s debt to the IMF is equivalent to 1.8% of Pakistan’s GDP, which is $7 billion.
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