Only underdeveloped countries are eligible to borrow from the IMF.

Name: Only underdeveloped countries are eligible to borrow from the IMF.
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Borrowing from the IMF is not limited to underdeveloped or developing countries. All member countries, regardless of their level of development, have the right to borrow from the IMF if they face balance of payments difficulties. However, low-income countries may be eligible for concessional loans with lower interest rates and longer repayment periods.

Only Underdeveloped Countries Are Eligible to Borrow from the IMF