The main declared objective of the International Monetary Fund (IMF) is to assist countries in overcoming their economic issues by providing loans and programs to help these nations. The IMF is a financial institution established in 1944, headquartered in Washington, with currently 190 member countries. The fund specializes in granting loans to member countries to address deficits and works on stabilizing exchange rates. One of its fundamental practices is requiring borrowing countries to consult the fund regarding the steps they take to improve their balance of payments situation. Below is the ranking of the top 10 countries borrowing from the IMF based on data from early July:
The Countries Most Borrowing from the International Monetary Fund
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