Between Q1 2023 and Q1 2025, South Africa reduced IMF debt by over 75%, with full repayment possible at the rate of SDR 381.4 million quarterly by the end of 2025

Key Takeaways:

  • 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.

Over two years, South Africa has steadily reduced its outstanding debt to the International Monetary Fund (IMF). Beginning with an outstanding balance of SDR 3.05 billion in March 2023, the country maintained this level throughout the first three quarters of that year.

However, from December 2023 onward, South Africa began making regular quarterly repayments of SDR 381.4 million. By March 2025, the country’s IMF debt had fallen to SDR 762.8 million, representing a reduction of more than 75%.

Source:

International Monetary Fund (IMF)

Period:

2023-2025
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