South Africa’s outstanding debt to the International Monetary Fund (IMF) decreased from SDR 3.05 billion in March 2023 to SDR 762.8 million by March 2025.
The debt level remained unchanged at SDR 3.05 billion through the first three quarters of 2023.
Starting in December 2023, South Africa began making consistent quarterly repayments of SDR 381.4 million.
This trend demonstrates steady progress in debt reduction and a strengthened commitment to fiscal discipline.
The country is potentially on track for full repayment of its debt by the end of 2025.
Between 2016 and 2020, Kenya's debt to the International Monetary Fund (IMF) declined steadily by 59%, from SDR 609.8 million to SDR 249.9 million.
This downward trend reversed dramatically after 2020, with public debt rising to SDR 3.02 billion by March 2025.
The most significant annual increase occurred between 2020 and 2021, when debt jumped by 178%.
The lowest recorded debt level during the study period was in 2020, at the height of the COVID-19 pandemic, when it fell to approximately SDR 250 million.
Kenya’s IMF debt grew more than elevenfold (1,109%) from its 2020 low to its 2025 peak.
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