These 10 African Countries Owe the Least to the IMF
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The IMF provides financial support to countries facing economic challenges, but the loans can have consequences for borrowing nations. Some African countries have relatively little debt to the IMF.
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The 10 African countries with the lowest debts to the IMF are Sao Tome & Principe, Djibouti, Lesotho, Guinea-Bissau, Cabo Verde, Equatorial Guinea, Eswatini, Gambia, Seychelles, and Burundi.
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Sao Tome & Principe has the lowest debt to the IMF at $24.8 million. Burundi has the highest debt among the 10 lowest at $103.1 million.
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Lower debt levels help African countries maintain economic stability and mitigate risks like financial crises, currency devaluation, and inflationary pressures.
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By borrowing conservatively, African nations can create a more stable economic environment conducive to sustainable growth. Low IMF debts put countries in a better position.