The International Monetary Fund ( Photo Credit : African Press )
The International Monetary Fund (IMF) plays a central role in supporting countries facing economic distress, particularly in Africa. Many governments turn to the IMF as a last resort to stabilize their economies, attract foreign investment, and implement structural reforms.
IMF loans can help improve investor confidence and provide temporary financial relief. However, they often come with strict conditions—such as austerity measures, tax increases, and reduced public spending—that can strain citizens and cause social unrest if not managed properly.
As of May 5, 2025, the IMF has released updated data showing the African countries with the highest and lowest outstanding debts.
Egypt tops the list with a staggering $8.6 billion, far exceeding other nations. Kenya follows with $3.02 billion, while Angola is close behind at $2.8 billion. Côte d’Ivoire has climbed to the fourth position with $2.6 billion, overtaking Ghana, which now ranks fifth with $2.46 billion.
These figures reflect ongoing economic pressures and the need for sustained reforms across the continent.
Egypt – 8.63 billion USD
Kenya – 3.02 billion USD
Angola – 2.84 billion USD
Côte d’Ivoire – 2.63 billion USD
Ghana – 2.46 billion USD
Congo, Democratic Republic of – 1.79 billion USD
Ethiopia – 1.42 billion USD
Cameroon – 1.18 billion USD
Senegal – 1.02 billion USD
Tanzania – 1.01 billion USD
Zambia – 993 million USD
Uganda – 993 million USD
Sudan – 992 million USD
Morocco – 938 million USD
Benin – 715 million USD
Lesotho – 11.7 million USD
Eswatini – 19.6 million USD
Comoros – 19.9 million USD
Sao Tome & Principe – 27.4 million USD
Djibouti – 31.8 million USD
Guinea-Bissau – 52.3 million USD
Equatorial Guinea – 59.8 million USD
Cabo Verde – 72.1 million USD
Somalia – 87 million USD
Namibia – 95.6 million USD
What is the IMF?
The International Monetary Fund is a global financial institution that provides loans and advice to countries in economic distress.
Why do African countries borrow from the IMF?
To stabilize their economies, meet urgent financial needs, and restore investor confidence during crises.
What are the risks of IMF loans?
High debt, economic dependence, and social unrest due to harsh austerity measures.
Which country in Africa owes the most to the IMF in 2025?
Egypt, with over $8.6 billion in outstanding credit.
Which African country has the least IMF debt in 2025?
Lesotho, with just $11.6 million in IMF debt.