10 Countries Most in Debt to the IMF
10 Countries Most in Debt to the IMF
10 Countries Most in Debt to the IMF
JFC I'm sorry Argentinian comrades.
Sisillion, which the rough number of how much debt Egypt owes
does that mean if he dies our debt goes away?
You see the pyramids of Egypt? The debt of Sisi will be immortalized like the past Pharoah
This seems to be the source: https://www.imf.org/external/np/fin/tad/balmov2.aspx?type=TOTAL
But the outstanding amount seems to be in SDRs (Special Drawing Rights). They list SDR valuations in various currencies here: https://www.imf.org/external/np/fin/data/rms_sdrv.aspx
According to this, 1 SDR is about $1.3237.
So looks like Argentina owes (30987500000×1.3237 ≈) $41 billion instead.
So it's even worse than it appears.
I have to wonder, at what point will a country finally have the guts to say they refuse to continue to acknowledge the legitimacy of this debt? Afghanistan for instance could easily just come out and tell the IMF to go fuck themselves. The US already stole all their sovereign reserves. What are they going to do, invade again just to get humiliated by the Taliban a second time?
Sankara said this in one of his speeches to some union of African countries. I saw it in The Upright Man documentary. He said that if they collectively default then the debts would mean nothing.
Would be cool to see the same statistic relative to each country's GDP.
That's on the right though?
Yes but it's not sorted by it, so potentially we are missing out on some very small economies that might not make the top ten by total debt but would have a high debt to GDP ratio.
Yeah, meant globally though, so top 5 countries by % of their GDP as debt. Could've expressed that more clearly, sorry.
egypt always topping the charts that no one should want to top.
Their pre-approval was massively inflated. Thats what happens when you name your country after a precious metal.
Ivory isn't a metal
For an ancap Milei does love welfare from the IMF.
Argentinian here: we have absolutely nothing to show for it and yet people keep voting the right.
What would you say is the reason why that keeps happening?
I once saw a Milei interview on YouTube. It was from before he became president. He went on a deranged tirade about how "the central bank are thieves" without explaining why. In the comments, a British guy was commenting about how wise he was.
The interview where he was spouted this nonsense and the "interviewer" just sat there nodding in agreement reminded me of India's news media of today. Billionaires have an unopposed and total control of TV news channels and newspapers which then do uncritical PR for their favoured political party of their patrons (mostly BJP) and most of the "news" has devolved into an electoral circus where the "news" is concerned with what this and that politician said about an event rather then the event itself.
The billionaires that own these news outlets welcome imperialists plundering their motherland as long they get a cut from it. I reckon it should be similar in Argentina.
I don't think there's a unique cause this happens. Different people will have different motives. Having said this, some causes are:
Some people also overfocus in whatever feel is the current issue, two examples.