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0 sats \ 3 replies \ @BitcoinAbhi 16 May \ on: Top 10 Countries Most in Debt to the IMF econ
I think I need to follow this visual capitalist a bit more now. There are already many interesting charts on SN from the site. Also India isn't here.
But as they say US has so much debt. Why isn't US on the list?
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10 sats \ 2 replies \ @0xbitcoiner OP 16 May
This graph illustrates the outstanding debt owed to the International Monetary Fund (IMF), an institution that provides financial assistance to countries in need of bailouts.
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0 sats \ 1 reply \ @BitcoinAbhi 16 May
So US is not in this category? Where do US get debt from?
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0 sats \ 0 replies \ @0xbitcoiner OP 16 May
The US is able to sell debt in the markets. The IMF, on the other hand, generally lends to countries that would have to pay astronomical interest rates if they went to the markets. Not only that, but if I'm not mistaken, the IMF also lent money to India in the wake of COVID.
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