With a low IMF debt level, countries can exercise more control as they have more economic autonomy which enables them to execute policies without external pressures or interference. Countries with a low debt profile can further improve investments in social investment programmes and safety nets, such as poverty alleviation initiatives.
Ten African countries have been able to maintain a low debt profile with the International Monetary Fund (IMF) as the continent continues to grapple with economic challenges as a result of the global pandemic.
