Africa's External Debt to Reach $543.58 Billion by 2025

By 2025, the external debt stock of African countries is expected to be heavily concentrated among a few large economies, with South Africa and Egypt together accounting for 60-85% of the total debt stock. The latest figures from the World Bank and the International Monetary Fund (IMF) indicate that the total external debt for the ten most indebted countries will reach $543.58 billion.

When measuring debt against the size of their economies, Rwanda and Tunisia are highlighted as having significant burdens. Liberia's external debt is projected to stand at $1.63 billion by December 2025, which represents 31.21% of its Gross Domestic Product (GDP).

Despite the absolute figure being relatively small, it remains a considerable constraint due to Liberia's narrow export base and limited fiscal space.