The first one in the line is Argentina, which is about to default the biggest loan the IMF ever gave.
Argentina defaulting would not affect any other countries significantly: but it holds over 60% of IMF's financial assets and has the will to default on this debt.
The IMF losing more than half its holdings means that there wouldn't be a lender of last resort for sovereign debt issues.
Argentina defaulting would not affect any other countries significantly: but it holds over 60% of IMF's financial assets and has the will to default on this debt.
The IMF losing more than half its holdings means that there wouldn't be a lender of last resort for sovereign debt issues.