Ahmad 
Insider Monkey, a website specialized in economic classifications and analysis, published a new report revealing that the Kingdom of Morocco is among the countries most indebted to the International Monetary Fund.
According to this report, Morocco ranked 17th globally with outstanding debt to the IMF of US$1.34 billion, while the Kingdom’s GDP is more than US$130 billion.
As for other countries in the region, Tunisia ranked 20th globally with a debt of $ 1.14 billion, while the Hashemite Kingdom of Jordan ranked 14th with debts estimated at about $ 1.5 billion.
The report also showed that Egypt ranked second globally with accumulated debt of $11 billion, while South Africa ranked ninth with $2.29 billion in debt.
The high debt ratio on the African continent is partly due to economic shocks and multiple conflicts in the region, as well as other factors such as geopolitical instability and changes in monetary and fiscal policies.
Most of the world’s heavily indebted countries are located on the African continent, reflecting the multiple economic challenges facing the region.
Egypt decided to increase spending on health and education in next year’s fiscal budget