The International Monetary Fund (IMF) serves as a safety net for nations facing economic challenges. As of October 2025, 86 countries owe over $162 billion in Special Drawing Rights (SDRs), equivalent to about $1.36 per SDR.
This significant debt is a reflection of fragile economies struggling with inflation, currency crashes, and geopolitical shocks. The list of indebted nations spans Latin America, Africa, and other regions, highlighting global vulnerabilities.
Pakistan is a notable example, with an $8.3 billion IMF debt as part of a larger $87 billion obligation. This situation raises questions about the IMF's role in supporting or exacerbating Pakistan's economic difficulties.
The IMF's support can be a lifeline, but it can also be a trap if not managed carefully.
Author's summary: IMF's $162 billion aid may be a double-edged sword for Pakistan.