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10 sats \ 2 replies \ @0xbitcoiner OP 16 May \ parent \ on: Top 10 Countries Most in Debt to the IMF econ
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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