- According to an updated IMF report, about 10 African countries have been identified as struggling with massive debt
- These African countries face significant balance of payment hurdles, struggling for imports to meet international financial obligations.
- The report said that Egypt ranks first in the list of African countries with massive debt to the IMF
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment, and the economy for over a decade.
African countries, including Nigeria, struggle with massive International Monetary Fund (IMF) debt burdens, showing a high total IMF credit outstanding.
