Posted 3/18/2024, 11:43:41 PM
IMF Lending Nears Record High as Economic Crises Mount in Nearly 100 Countries
- IMF lending is near a record $150 billion to almost 100 countries to counter debt and economic issues
- Borrowing costs and conflicts have led the IMF to provide support to more countries
- Outstanding IMF credit recently reached about $151 billion, close to a record high
- Over 50 IMF borrowers have active loan or guarantee programs, down from 90 during COVID
- Top IMF borrowers like Argentina, Egypt, and Ukraine overlap with top U.S. geopolitical priorities
