Several African countries maintained relatively low debt levels to the International Monetary Fund (IMF) at the start of 2025. Debt to the IMF represents credit extended to nations for economic stability and development. Countries with minimal outstanding credit have either repaid obligations or accessed limited financing.
Lower debt levels result from fiscal policies, alternative funding sources, or limited access to large IMF loans. Low debt reduces economic constraints, allowing governments to focus on infrastructure, healthcare, education, and social welfare.
These countries avoid austerity measures linked to large IMF loans, such as tax increases and spending cuts. Many continue to rely on domestic economic strategies, reducing dependency on external lending.
Read also: Top 10 African countries owing the most to the IMF in 2025
According to the International Monetary Fund, there are 10 African countries with the least debt to the IMF in early 2025
1. Lesotho
Lesotho holds the lowest outstanding credit from the IMF. The country’s cautious approach to borrowing has helped it maintain a minimal debt level.
2. Comoros
Comoros follows with an outstanding IMF credit of $20.93 million. The country has received financial assistance in the past but has kept its obligations relatively low.
3. Sao Tome and Principe
Sao Tome and Principe have a total IMF debt of $27.67 million. The country has a small economy and limited borrowing needs.
Read also: Top 10 Africa’s most indebted countries in 2025
4. Eswatini
Eswatini’s debt to the IMF stands at $29.44 million. The country has historically relied on domestic revenue and regional support for financial stability.
5. Djibouti
Djibouti has an IMF debt of $31.80 million. The country has maintained a conservative borrowing strategy.
6. Guinea-Bissau
Guinea-Bissau owes $52.29 million to the IMF. The country has secured financial support in past years but has not accumulated excessive debt.
Read also: Top 10 African countries with the largest external debt in 2025
7. Equatorial Guinea
Equatorial Guinea has an outstanding IMF credit of $65.75 million. The country has managed its external borrowing while relying on revenue from natural resources.
8. Cabo Verde
Cabo Verde holds an IMF debt of $72.12 million. The country has accessed international financing to support its economic plans but has kept its obligations at a moderate level.
Read also: Africa’s 10 most indebted countries
9. Somalia
Somalia has an outstanding IMF credit of $87.00 million. The country has received financial aid in recent years to support its economic rebuilding efforts.
10. Burundi
Burundi ranks tenth with an IMF debt of $100.60 million. The country has engaged in financial assistance programmes while maintaining control over its borrowing levels.
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