Namibia Tops Africa’s Top 10 List with Zero IMF Debt After Full Repayment
By Aneli Fura
Namibia has officially cleared all its outstanding debt to the International Monetary Fund (IMF), reducing its balance to zero and marking a significant milestone in the country’s financial position.
The development reflects a broader effort by the government to strengthen fiscal discipline and reduce reliance on external borrowing. According to the latest data up to March this year, Namibia settled a total of $23,887,500 owed to the IMF.
With this move, Namibia joins a growing number of African countries, including Mozambique, that are working towards lowering or fully clearing their IMF obligations as part of wider debt management strategies.
In April 2026, Namibia ranked first among African countries with the lowest IMF debt, with no outstanding balance. It is followed by Lesotho (10,494,000), Comoros (25,818,900), Djibouti (28,620,000), and São Tomé and Príncipe (30,268,128).
Other countries on the list include Equatorial Guinea, Guinea-Bissau, Cabo Verde, Burundi, and Seychelles, all of which maintain relatively low levels of debt to the IMF.
