In a situation where an African country has a large Total IMF Credit Outstanding, it indicates that the government borrowed significant financial resources from the International Monetary Fund (IMF) and is yet to repay.
In most cases an IMF loan can be a double-edged sword, providing respite while accruing potentially difficult to pay debt.
ADVERTISEMENTA significant quantity of IMF money loan raises a country's overall debt load.
With that said, here are the 10 African countries with the highest total IMF credit outstanding before the start of Q4.
ADVERTISEMENTTop 10 African countries with the highest debt to the IMF in Q3 of 2024..
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