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3 African countries that have never borrowed from the IMF; see list

By GhanaSummary Newsroom1 min read
3 African countries that have never borrowed from the IMF; see list

International Monetary Fund (left) and Minister of Finance, Ato Forson (right) Dr Cassiel Ato Forson with IMF officials Botswana President, Duma Boko The Fund has previously noted that Libya's vast oil revenues enabled it to finance its economy without seeking IMF loans.

The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013.

REUTERS/Yuri Gripas Only three (3) African countries have never borrowed from the International Monetary Fund (IMF), making them rare exceptions on a continent where IMF support has become a common tool for managing economic crises.

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