The International Monetary Fund (IMF) has urged Kenya to strengthen public finance management and ensure debt sustainability following a two-week mission to Nairobi. The discussions aimed to assess Kenya's economic outlook and explore policies for a new IMF program.

• Previous $3.6 billion Extended Fund Facility (EFF) and Extended Credit Facility (ECF) programs, valued at about $800 million, stalled earlier this year.
• The IMF team was led by Mission Chief Haimanot Teferra.
• The visit emphasized credible fiscal policies, improved governance, and minimizing risks, coming months after the government withdrew tax hikes in the 2024 Finance Bill due to protests.

Kenya has successfully bought back US$628.44 million (KSh 81.2 billion) of its 2028 Eurobond, following a new US$1.5 billion dual Eurobond issuance. This move aims to smooth debt maturities and reduce refinancing risk.

• Kenya accepted tenders worth US$628.44 million (KSh 81.2 billion) for repurchase at US$1,037.50 per US$1,000.
• The buyback was financed by proceeds from a new US$1.5 billion (KSh 193.9 billion) Eurobond sale.
• Citigroup Global Markets Limited and The Standard Bank of South Africa Limited acted as dealer managers for the transaction.