Five African nations rank among the ten biggest borrowers from the International Monetary Fund, highlighting how debt pressures are shaping parts of the continent\u2019s macroeconomic picture. Statisense said in a post on its X account on Monday that the ranking is based on IMF figures available as of June 24, 2026. The countries identified were Egypt, C\u00f4te d\u2019Ivoire, Kenya, Ghana and Angola.<\/p>\n
Within the top ten, Argentina holds the top position, with the largest outstanding IMF credit reported at $42.55 billion. Egypt and C\u00f4te d\u2019Ivoire place fourth and sixth respectively, with combined IMF credit of $10.78 billion. The data also indicates that the four African countries included in the calculation\u2014Egypt, C\u00f4te d\u2019Ivoire, Kenya and Ghana\u2014together owe the IMF a total of $21.40 billion.<\/p>\n
Nigeria, meanwhile, does not appear among the IMF\u2019s top ten borrowers, even as financial markets and policy observers watch for risks tied to higher indebtedness. The report pointed to a recent development in Nigeria\u2019s financing plans: the government proceeded with a $1.5 billion drawdown from a $5 billion facility arranged with the United Arab Emirates\u2019 largest lender, First Abu Dhabi Bank, despite an IMF warning against the transaction.<\/p>\n
Additional debt figures cited in the statement show Nigeria\u2019s overall debt stock rose to N159.28 in December 2025. External liabilities were described as accounting for 46.73% of the total, amounting to N74.43 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Five African nations rank among the ten biggest borrowers from the International Monetary Fund, highlighting how debt pressures are shaping parts of the continent\u2019s macroeconomic picture. Statisense said in a post on its X account on Monday that the ranking is based on IMF figures available as of June 24, 2026. The countries identified were […]<\/p>\n","protected":false},"author":2,"featured_media":2454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"IMF Debt Watch: Africa\u2019s Top Borrowers in Focus","_yoast_wpseo_metadesc":"IMF Debt Watch spotlights Egypt, C\u00f4te d\u2019Ivoire, Kenya, Ghana and Angola among the world\u2019s biggest borrowers\u2014showing how debt risks","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2455","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"\n