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- The International Monetary Fund has released the database of African countries with the lowest indebtedness vulnerability arsenic of May 2025
- The database shows that Nigeria and Ghana are missing, having exited the debtors’ database successful 2025 aft repaying COVID-19 loans
- However, astir 10 African countries person been listed by the money arsenic having the lowest debt, with Namibia displacing Seychelles
Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.
African countries person made important strides precocious successful repaying loans from the International Monetary Fund (IMF).
Specifically, Nigeria and Ghana person significantly reduced their vulnerability to IMF loans successful the past fewer weeks.
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Nigeria and Ghana exit the IMF’s debtors’ list
These exemplary African countries person moved the needle regarding their debts to the planetary backing organisation.
However, immoderate countries connected the continent inactive conflict precocious IMF debt, which comes with pugnacious conditionalities, economical adjustment, and austerity measures.
The determination by Nigeria and Ghana represents not conscionable data, but dependable economical judgement to summation fiscal and economical autonomy and amended resilience to outer shocks.
IMF loans travel with pugnacious conditions
A country’s debased indebtedness vulnerability to the IMF shows stableness and assurance successful its macroeconomic foundation.
According to reports, debased IMF indebtedness shows dependable fiscal absorption arsenic the IMF lone intervenes erstwhile a state faces a terrible fiscal situation oregon equilibrium of outgo challenges, successful opposition to market-based banks.
Due to this, a state with debased oregon nary indebtedness vulnerability to the IMF has avoided a large situation by implementing sensible fiscal policies, businesslike taxation structures, and dependable nationalist expenditure.
Experts person warned that the IMF indebtedness comes with stringent argumentation prescriptions, including austerity measures, subsidy removal, nationalist assemblage reforms, oregon currency devaluations, which mightiness origin societal discontent, limiting the government’s quality to transportation retired societal involution programmes.
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Top 10 countries with the lowest IMF debt
In contrast, countries with debased IMF indebtedness are insulated from overseas influences, allowing them the leeway to instrumentality beneficial economical policies.
The IMF Data shows the apical 10 African countries with the lowest IMF debt.
The information shows that successful May, Namibia made the database astatine the 10th position, displacing Seychelles.
- Lesotho: $11.660,00
- Eswatini: $19.6m
- Comoros; $19.8m
- Sao Tome & Principe: $ 27.4m
- Djibouti: $31.8m
- Guinea-Bissau: $52.2m
- Equatorial Guinea: $59.8m
- Cabo Verde:$72.1m
- Somalia: $97m
- Namibia: $95.5m
FG seeks caller World Bank loan
Legit.ng antecedently reported that arsenic Nigeria continues to trust connected borrowing to conscionable its fiscal obligations, its total debt deed its highest level ever.
According to information released connected Friday, April 4, by the Debt Management Office (DMO), the country's indebtedness illustration accrued to N144.6 trillion astatine the extremity of 2024 from N97.3 trillion the twelvemonth before.
Nigeria's debt, however, decreased successful dollar terms, going from $108.2 cardinal successful 2023 to $94.2 cardinal past year, indicating reduced volatility successful the overseas currency market.
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Source: Legit.ng
