We compiled this ranking using the International Monetary Fund’s data on Total IMF Credit Outstanding. We selected the latest debt data for each country, accurate as of April 29, 2024.
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22 sats \ 1 reply \ @cryotosensei 16 May
How long do you spend reading Visual Capitalist every day? Just curious
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1 sat \ 0 replies \ @0xbitcoiner OP 16 May
I'm not sure about the exact frequency, but I must visit there regularly. Since I go there often, I don't stay for long, just check out what's new. I really enjoy seeing information compiled into graphs. A picture is worth a thousand words.
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11 sats \ 0 replies \ @riberet19 16 May
How much evil Peronism has done in Argentina, let's also look at Ukraine now, after the war, we will see those numbers grow to stratospheric levels, a perfect plan.
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0 sats \ 0 replies \ @guts 16 May
Was crazy even IMF ask anti-crypto regulation to Argentina.
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0 sats \ 3 replies \ @BitcoinAbhi 16 May
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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0 sats \ 3 replies \ @Satosora 16 May
wow...what does argentina need so much money for?
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10 sats \ 2 replies \ @0xbitcoiner OP 16 May
If you take a look at Argentina's history, you'll see that it has been the subject of multiple financial bailouts. These bailouts were the result of political irresponsibility.
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0 sats \ 1 reply \ @Satosora 16 May
Are they one of the countries starting to adopt btc?
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0 sats \ 0 replies \ @0xbitcoiner OP 16 May
Miley took some steps on this, but I can't quite remember what they were. I think it's about being able to buy real estate and other things with Bitcoin.
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