Argentina IMF debt has reached record levels as the nation remains the largest borrower from the International Monetary Fund, owing more than $57bn.
At least 86 countries collectively owe the International Monetary Fund more than $162bn in 2025. The Argentina IMF debt stands as the highest among them. It exceeds the combined total of the next seven countries including Ukraine Egypt Pakistan Ecuador Ivory Coast Kenya and Bangladesh. The IMF confirmed that Argentina’s loan obligations have continued to rise amid ongoing efforts to stabilize its struggling economy.
In April the IMF approved its 23rd financial programme for Argentina with a $20bn bailout to support its foreign reserves and control inflation. Argentina has a long history with the IMF having received the largest loan in the institution’s history in 2018 worth $57bn. In October 2025 the Trump administration also announced a $20bn currency swap package to help Argentina’s central bank manage its declining peso and support economic recovery.
Other major IMF debtors include Ukraine and Egypt. Ukraine owes more than $14bn after the economic collapse following Russia’s invasion in 2022. Egypt owes around $9bn as it continues to battle inflation and currency shortages. Together these countries represent nearly half of the IMF’s total outstanding credit. The fund’s overall lending capacity is estimated at around $1 trillion with creditor nations earning interest on their contributions.
