{"id":62076,"date":"2025-09-24T09:29:57","date_gmt":"2025-09-24T09:29:57","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/imf-lending-to-africa-approaches-70-billion-since-2020"},"modified":"2025-09-24T09:58:38","modified_gmt":"2025-09-24T09:58:38","slug":"imf-lending-to-africa-approaches-70-billion-since-2020","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/imf-lending-to-africa-approaches-70-billion-since-2020","title":{"rendered":"IMF Lending to Africa Approaches $70 Billion Since 2020"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>The International Monetary Fund (IMF) estimates that African countries will require even more financial assistance, despite having already received nearly $70 billion in funding since 2020 to support their economies.<\/p>\n

\u201cWe continue to see strong demand from African countries for IMF support\u2014including new programs, program extensions, and increased financing\u2014driven by persistent economic shocks and mounting debt pressures,\u201d an IMF spokesperson told Bloomberg. The Fund has provided almost $70 billion (\u20ac60 billion) to African economies since the onset of the COVID-19 pandemic.<\/p>\n

Currently, the IMF has over 20 active financial adjustment programs across Africa, including in the Portuguese-speaking countries of Cape Verde, Guinea-Bissau, and Sa\u0303o Tome\u0301 and Pri\u0301ncipe. It is also in talks to restart its program in Mozambique. Only Angola and Equatorial Guinea are not part of any active funding program, with Equatorial Guinea having concluded a technical assistance initiative in July that did not include financial support.<\/p>\n

Some countries\u2014such as Malawi, Kenya, and Mozambique\u2014had to suspend their programs after failing to meet agreed targets. However, negotiations with the IMF are ongoing. Meanwhile, Uganda and Senegal are seeking new programs, and Zambia is negotiating a one-year extension to its current arrangement.<\/p>\n

According to the United Nations, Africa\u2019s external debt now exceeds $650 billion, with debt service costs projected to reach nearly $90 billion by 2024. These high debt levels have prompted foreign investors to demand higher interest rates on loans and debt issuances. As a result, many countries are increasingly turning to domestic debt markets. However, this shift has raised concerns about local banks\u2019 ability to finance the private sector effectively.<\/p>\n

In Cape Verde, the IMF announced in July a 15-month extension of its Extended Credit Facility (ECF) and increased the available financing to approximately \u20ac60 million.<\/p>\n

At the same time, IMF management approved a 15-month extension of Cape Verde\u2019s Resilience and Sustainability Facility (RSF), which supports climate-related investments, along with the rescheduling of disbursement dates under the program.<\/p>\n

In Guinea-Bissau, an ECF arrangement is currently in place, under which the IMF has provided around \u20ac40 million in financing so far.<\/p>\n

Mozambique\u2019s financial adjustment program was halted at the end of last year, after widespread target slippages linked to post-election violence in the final quarter of the year. Nevertheless, the IMF announced in late August that discussions on a new financial adjustment program would continue \u201cin the coming months.\u201d<\/p>\n

In Sa\u0303o Tome\u0301 and Pri\u0301ncipe, the IMF is supporting an ongoing ECF program that runs through late 2027, with disbursements expected to total more than \u20ac21 million.<\/p>\n

For More News And Analysis About Lesotho<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. The International Monetary Fund (IMF) estimates that African countries will require even more financial assistance, despite having already received nearly $70 billion in funding since 2020 to support their economies. \u201cWe continue to see strong demand from African countries for IMF support\u2014including new programs, program extensions, and increased financing\u2014driven by persistent economic […]<\/p>\n","protected":false},"author":84,"featured_media":62075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[245],"class_list":["post-62076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-lesotho"],"yoast_head":"\nIMF Lending to Africa Approaches $70 Billion Since 2020 - Lesotho<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund (IMF) estimates that African countries will require even more financial assistance, desp ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/imf-lending-to-africa-approaches-70-billion-since-2020\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF Lending to Africa Approaches $70 Billion Since 2020\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund (IMF) estimates that African countries will require even more financial assistance, desp ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/imf-lending-to-africa-approaches-70-billion-since-2020\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-24T09:29:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-24T09:58:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/09\/sm_1758695157.283217.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/imf-lending-to-africa-approaches-70-billion-since-2020#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/imf-lending-to-africa-approaches-70-billion-since-2020\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF Lending to Africa Approaches $70 Billion Since 2020\",\"datePublished\":\"2025-09-24T09:29:57+00:00\",\"dateModified\":\"2025-09-24T09:58:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/imf-lending-to-africa-approaches-70-billion-since-2020\"},\"wordCount\":434,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/imf-lending-to-africa-approaches-70-billion-since-2020#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/09\/sm_1758695157.283217.jpg\",\"keywords\":[\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/imf-lending-to-africa-approaches-70-billion-since-2020#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/imf-lending-to-africa-approaches-70-billion-since-2020\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/imf-lending-to-africa-approaches-70-billion-since-2020\",\"name\":\"IMF Lending to Africa Approaches $70 Billion Since 2020 - 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