Five African countries among highest IMF borrowers

Five African countries are among the top ten highest borrowers from the International Monetary Fund. 

Statisense disclosed this in a statement on its X account on Monday, citing IMF data as of June 24, 2026. 

The African countries are Egypt, Côte d’Ivoire, Kenya, Ghana, and Angola. 

According to the report, Argentina took the front seat with the highest outstanding IMF credit at $42.55 billion. Egypt and Côte d’Ivoire emerged in the fourth and sixth spots with a combined credit of $10.78 billion.

The report showed that the four African countries have total indebtedness to the IMF amounting to $21.40 billion.

Nigeria is not among the top 10 creditors to the IMF amid growing concerns of rising debts. 

Recently the Nigerian government went ahead with $1.5bn from a $5bn financing facility arranged with the United Arab Emirates’ largest lender, First Abu Dhabi Bank, despite the IMF warning against the loan.

Nigeria’s total debt stock increased to N159.28 in December 2025, with external debts standing at 46.73 percent at N74.43 trillion.