According to Development Reimagined, the IMF committed 1529 loans between 1952 and 2023, of which almost 40% (608) went to African nations. However, the countries that have benefited from IMF loans are large economies in the continent, leaving other smaller economies to explore other alternatives. LibyaThe IMF revealed that Libya is another African country that had never taken its loans. Which African countries have the highest IMF debt? Egypt tops the list of African countries with the highest IMF debt, with an outstanding loan of $11,272,939,177 (KSh 1.46 trillion).
