Namibia has recorded the second-lowest level of debt owed to the International Monetary Fund (IMF) among African countries, with total credit outstanding standing at approximately N$378.1 million as of 20 February 2026.
According to IMF data, the figure places Namibia just behind Lesotho, which has the lowest outstanding balance on the continent at about N$166.1 million.
A report by the IMF shows that Namibia’s outstanding obligations include SDR 119.44 million in emergency assistance facilities, equivalent to approximately N$2.71 billion.
In addition, the country accessed the IMF’s Rapid Financing Instrument (RFI) in March 2021, receiving the full approved amount of SDR 191.10 million, or about N$4.34 billion, to cushion the economic impact of the COVID-19 pandemic.
Projected repayment schedules indicate that about N$1.76 billion was due in 2025, while roughly N$1.20 billion is expected to be repaid in 2026. From 2027 to 2029, annual interest payments of around N$100 million are projected.
“Outstanding obligations include SDR 119.44 million in emergency assistance facilities, which converts to approximately N$2.71 billion.
In addition, the country accessed the Rapid Financing Instrument in March 2021, receiving the full approved amount of SDR 191.10 million, equivalent to about N$4.34 billion,” the IMF report said.
Among other African countries with relatively low IMF debt levels, Comoros ranks third with approximately N$413.0 million outstanding, followed by Djibouti at around N$453.1 million and São Tomé and Príncipe at about N$496.1 million.
Further down the list are Equatorial Guinea with roughly N$589.8 million, Guinea-Bissau at about N$853.0 million, Cabo Verde with around N$1.30 billion, Burundi at approximately N$1.58 billion and Seychelles at about N$1.64 billion.
