List of Countries with the Largest Debts to the IMF

Jakarta, CNBC Indonesia - Countries’ dependence on funding from the International Monetary Fund is once again in the spotlight amid global economic pressures. The latest data shows that dozens of countries still rely on the International Monetary Fund (IMF) as a lender of last resort to maintain their economic stability. The IMF reports that as of 24 April 2026, the following is the list of countries with the largest debts to the IMF. The country with the largest debt to the IMF is Argentina, with a total exceeding US$60 billion. This figure is nearly four times larger than the next largest country. Argentina’s substantial debt is inseparable from its prolonged economic crisis, ranging from high inflation and currency weakening to its historical dependence on IMF programmes. The next position is occupied by Ukraine with a debt of US$15.48 billion and Egypt with US$10.67 billion. Several other developing countries such as Pakistan, Ecuador, and African nations like Côte d’Ivoire, Kenya, and Ghana are also on this list, with varying debt portions relative to Gross Domestic Product (GDP). The high levels of debt reflect dependence on external financing amid domestic and global economic pressures.