See the top 10 African countries with the lowest debt to IMF

• The International Monetary Fund (IMF) has updated the database of African countries with debased indebtedness profiles
• The database shows that immoderate African countries' indebtedness vulnerability to the money is precise negligible, compared to others
• However, experts person cautioned that precocious vulnerability to the  IMF level whitethorn pb to economical catastrophe for immoderate countries

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

Some countries shy distant from borrowing from the International Monetary Fund (IMF) owed to the conditionalities attached to its loans.

Compared to the World Bank Group, Nigeria’s indebtedness to the IMF remains rather debased owed to the stringent conditions linked to borrowing from the fund.

African leaders support a debased indebtedness illustration amid economical challenges. Credit: Antonio Masiello / Contributor
Source: Getty Images

Why immoderate African countries debar IMF loans

While respective African countries conflict with precocious indebtedness burdens to the IMF, others person tried to negociate their indebtedness illustration comparatively effectively.

So galore African countries look daunting economical challenges from precocious inflation, unemployment, precocious involvement rates and dilatory development, starring to the request to support a debased indebtedness illustration with the IMF.

According to experts, precocious IMF indebtedness limits African countries' fiscal flexibility, undermines currency stability, and increases vulnerability to outer shocks.

IMF loans travel with pugnacious conditions

However, countries with manageable IMF indebtedness are amended primed to beforehand semipermanent maturation and economical resilience.

Analysts accidental IMF loans are similar a double-edged sword for immoderate African countries. While IMF loans connection financing during economical turmoil, they travel with pugnacious conditions, necessitating the implementation of austerity measures.

IMF loans travel with attached reforms, meaning countries mightiness region subsidies, arsenic successful the lawsuit of Nigeria removing petroleum merchandise subsidies successful 2023.

However, the loans assistance countries navigate challenging economical climates, particularly amid dwindling revenues and debased taxation rates.

Analysts judge that economies with dependable indebtedness levels are much apt to pull investors, portion debased indebtedness shows dependable economical and fiscal management, boosting economical enlargement and capitalist confidence.

Four African countries connected the verge of default

Legit.ng previously reported that immoderate African countries are connected the verge of indebtedness default to the IMF owed to structural challenges.

About four African countries are astatine hazard of indebtedness defaults arsenic mounting indebtedness burdens, accrued involvement rates, and dwindling gross endanger nationalist budgets.

These countries conflict to conscionable their indebtedness obligations, starring to concerns astir imaginable defaults and economical instability.

The propulsion for indebtedness relief

A lobby group, the African Forum and Network connected Debt and Development (AFRODAD), which advocates for indebtedness alleviation and addresses loan-related issues successful Africa, released the affected countries to see Zambia, Ghana, Ethiopia, and Chad.

Jason Braganza, AFRODAD’s enforcement director, called for an overhaul of the planetary fiscal strategy to let a UN-led mechanics to assistance distressed countries.

Braganza stressed the urgency of reforming the planetary indebtedness systems, peculiarly for African countries facing indebtedness distress.

Data from the IMF website shows an updated database of African countries with debased indebtedness vulnerability to the fund.

Egypt, Kenya and Ghana support indebtedness vulnerability to the IMF and the World Bank Credit: Picture Alliance/contributor
Source: Getty Images

Business Insider reports that countries similar Eswatini and Equatorial Guinea experienced a flimsy simplification successful the indebtedness illustration successful March 2025.

African countries with debased indebtedness to the IMF

• Lesotho: $110,660,000
• Eswatini: $19,625,000
• Comoros: $20,628,865
• Sao Tome & Principe: 27,602,011 
• Djibouti: 31,800,000
• Guinea Bissau: 52,291,400
• Equatorial Guinea: 59,843,334
• Cabo Verde: 72,116,000
• Somalia:87,000,000
• Seychelles: 99,839,500

World Bank approves 2 caller loans for Nigeria

Legit.ng earlier reported that the World Bank is acceptable to approve caller loans to Nigeria totalling $632 cardinal connected Monday, March 31, 2025, bringing the full of World Bank loans nether Tinubu to $9.25 billion.

The loans are to enactment cardinal areas specified arsenic nutrition betterment and prime basal education.

Data from the World Bank website connected Sunday, March 30, 2025, shows that the 2 loans see $80 cardinal for the Accelerating Nutrition Results successful Nigeria 2.0 task and $552 cardinal for the HOPE scheme.

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Source: Legit.ng