Africa-Press – Mauritius. African countries are grappling with mounting debts to the International Monetary Fund (IMF), as ten nations emerge as the most indebted in Q4 2024. These debts reflect a dependence on external financing to address fiscal challenges, particularly during economic crises.
IMF loans offer financial relief but often strict conditions, including subsidy cuts, currency adjustments, and austerity measures. While intended to stabilize economies, critics argue these policies strain public investments in healthcare, education, and infrastructure, raising concerns about long-term economic sustainability.
Here are the top 10 African countries with the highest IMF debt as of December 2, 2024:
The growing reliance on IMF funds underscores the complex trade-offs African nations face between addressing immediate fiscal needs and pursuing sustainable development goals.
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