Five African countries among highest IMF borrowers

Five African countries are among the apical 10 highest borrowers from the International Monetary Fund. 

Statisense disclosed this successful a connection connected its X relationship on Monday, citing IMF information arsenic of June 24, 2026. 

The African countries are Egypt, Côte d’Ivoire, Kenya, Ghana, and Angola. 

According to the report, Argentina took the beforehand spot with the highest outstanding IMF recognition astatine $42.55 billion. Egypt and Côte d’Ivoire emerged successful the 4th and sixth spots with a combined recognition of $10.78 billion.

The study showed that the 4 African countries person full indebtedness to the IMF amounting to $21.40 billion.

Nigeria is not among the apical 10 creditors to the IMF amid increasing concerns of rising debts. 

Recently the Nigerian authorities went up with $1.5bn from a $5bn financing installation arranged with the United Arab Emirates’ largest lender, First Abu Dhabi Bank, contempt the IMF informing against the loan.

Nigeria’s full indebtedness banal accrued to N159.28 successful December 2025, with...