Egypt Tops List of African Nations in IMF Debt at Nearly $12 Billion
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Egypt has the highest IMF debt at almost $12 billion, followed by Angola at over $3 billion and South Africa at nearly $2.7 billion.
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IMF loans can help struggling economies but may come with strict austerity measures that could increase hardship.
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Countries often turn to the IMF as a last resort to stabilize finances and reassure investors.
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If not properly managed, IMF debts can cause financial stress and social unrest.
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The top 10 African country IMF debts range from $12 billion for Egypt down to $1.3 billion for the Democratic Republic of Congo.