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The list of countries with the highest indebtedness was unveiled in a recent report by the IMF, which identified countries of the world including African countries with the highest outstanding IMF credit as of July 19, 2024.
The report said that Egypt ranks first in the list of African countries with massive debt to the IMF, with a total debt of $10,215,014,179.
The North African country is the first on the list, with an outstanding debt surpassing $10.2 billion.
Nigeria, with a total IMF debt profile of about $1.23 billion, ranks eight on the list..
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