- When African nations accumulate significant economic debt, they are frequently forced to enact strict economic reforms
- Concern has grown over the massive debts that several African nations owe the IMF in the form of support
- The list of African countries owing the biggest debt to IMF includes Egypt, Kenya, Angola and others
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
African countries are often compelled to implement stringent economic changes known as Structural Adjustment Programs (SAPs) when they accrue substantial debt with the IMF.
