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As of my last update in October 2023, the top borrowers from the International Monetary Fund (IMF) typically include countries facing severe economic challenges and require financial assistance. Notable borrowers often include Argentina, Ukraine, Egypt, and Pakistan, among others. The exact ranking can fluctuate based on ongoing economic conditions and new lending agreements. For the most current and specific list, it's advisable to consult the latest IMF reports or their official website.

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What are the G10 Countries?

The Group of Ten or G-10 refers to the group of countries that have agreed to participate in the General Arrangements to Borrow (GAB). The GAB was established in 1962, when the governments of eight International Monetary Fund (IMF) members---Belgium, Canada, France, Italy, Japan, theNetherlands, the United Kingdom, and the United States---and the central banks of two others, Germany and Sweden, agreed to make resources available to the IMF for drawings by participants, and, under certain circumstances, for drawings by nonparticipants. The GAB was strengthened in 1964 by the association of Switzerland, then a nonmember of the Fund, but the name of the G10 remained the same. The following international organizations are official observers of the activities of the G10: the Bank for International Settlements (BIS), European Commission, International Monetary Fund, and Organisation for Economic Co-operation and Development.The Group of Ten signed the Smithsonian Agreement in December 1971, replacing the world's fixed exchange rate regime with a floating exchange rateregime.Luxembourg is an associate member.


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