Top 10 African countries with the lowest debt to the IMF in July 2026
For African countries seeking faster economic growth, maintaining manageable levels of International Monetary Fund (IMF) debt can provide governments with greater financial flexibility, stronger investor confidence, and more room to direct resources toward development.
Zimbabwe stays within budget: Govt spends ZiG 98.2 billion against ZiG100 billion target in first five months
The Zimbabwe government has managed to curb expenditure and operate within budget, with spending reaching ZiG98.2 billion against a ZiG100 billion target for the first five months of 2026.
El Niño threatens Zimbabwe’s 2027 outlook: IMF warns growth could slip to 2-3pct
The International Monetary Fund warns that the expected El Niño could impact Zimbabwe’s agriculture industry, “if it materializes”, potentially dragging the country’s 2027 economic growth down to around two-to-three percent, from the anticipated 4.2 percent.
Zimbabwe reaches key IMF reform milestone after first programme review
Zimbabwe has reached a staff-level agreement with the International Monetary Fund (IMF) following the first review of its 10-month Staff Monitored Programme (SMP), after meeting almost all reform commitments set for the period ending March 2026.
IMF SMP review team in Zim, Ncube briefs on US$150 million AfDB loan
Finance minister Mthuli Ncube briefed the delegation – led by led by Mission Chief, Wojciech Maliszewski – on recent economic developments and progress in mobilising support for arrears clearance and bridge financing, including the African Development Bank’s US$150 million facility.
IMF approves Zim Staff-Monitored Program
“Sustained policy efforts will help entrench macroeconomic stability, deepen confidence in the ZiG, enhance foreign exchange market functioning, rebuild reserve buffers, and reinforce the foundations for durable and inclusive growth,” the IMF said.
IMF, World Bank, IEA coordinate to curb economic fallout of the Iran war
“The impact is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries,” according to a statement from the heads of the three institutions.
Mozambique clears $701 million debt to the IMF
Mozambique has cleared its $701 million debt to the International Monetary Fund (IMF), according to Standard Bank, the largest bank in Africa.