Egypt Leads Africa in IMF Loans with SDR 7.86 Billion
As of September 2026, the International Monetary Fund (IMF) reported that the top 10 African countries collectively owed about SDR 28.62 billion, equivalent to roughly $39.17 billion or ₦52.06 trillion. The outstanding IMF credit across all African nations stood at approximately SDR 39.9 billion, or about $54.62 billion (₦72.57 trillion).
Egypt is the largest borrower, with SDR 7.86 billion outstanding, linked to its Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) arrangements. Côte d’Ivoire follows in second place with SDR 4.14 billion, while Ghana ranks third with SDR 2.99 billion, which decreased slightly after a repayment of SDR 6.64 million in early September.
Kenya is fourth with SDR 2.85 billion. The Democratic Republic of the Congo ranks fifth with SDR 2.43 billion, and Angola, Ethiopia, Tanzania, Zambia, and Cameroon follow in the subsequent ranks.
Nigeria, despite being Africa's largest economy, does not appear among the top ten borrowers.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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