Morocco Ranks 17th Among Top IMF Debtors with $1.34 Billion Outstanding

With a total outstanding debt of $1.34 billion, Morocco ranks 17th in the ranking of the 20 most indebted countries to the International Monetary Fund (IMF), established by the American financial news site Insider Monkey. The kingdom has direct access to IMF resources, particularly through the Flexible Credit Line (FCL), which allows it to have financial resources available if needed. Moreover, it had a GDP of $130.91 billion in 2022, according to World Bank data.

Argentina tops this ranking with a total outstanding debt of $32.45 billion. It is followed by Egypt ($10.98 billion) and Ukraine ($8.40 billion). Pakistan ($5.97 billion) and Ecuador ($5.83 billion) complete the top 5. With a total outstanding debt of $3.28 billion, Colombia ranks 6th, while Angola ($3.08 billion) takes 7th place. Next come Kenya ($2.57 billion), South Africa ($2.29 billion), Ghana ($2.29 billion), Côte d’Ivoire ($1.99 billion), Costa Rica ($1.68 billion) and Nigeria ($1.53 billion). Jordan is in 14th place with a total outstanding debt of $1.50 billion. It is followed by the Democratic Republic of Congo ($1.45 billion) and Bangladesh ($1.35 billion). Senegal occupies the 18th place with a total outstanding debt of $1.20 billion. Next comes Sri Lanka ($1.17 billion). Tunisia closes the podium with $1.14 billion.

To establish the ranking of the 20 most indebted countries to the IMF, Insider Monkey used data from the International Monetary Fund (IMF) on the total outstanding credit. Then the site took into account the latest data on the debt of each country, which is accurate up to March 21, 2024, before ranking the countries in ascending order of outstanding debt. The current GDP data of the country provided by the World Bank, as of 2022, was also taken into account.