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September 11, 2025
4h ago

Inside Ruto’s Plan to Return to IMF for More Billions

Inside Ruto’s Plan to Return to IMF for More Billions

For nearly a year, the deliberations with the lender have yet to bear immediate returns...

✨ Key Highlights

Kenya plans to re-engage the International Monetary Fund (IMF) for new loan programs, as announced by Prime Cabinet Secretary Musalia Mudavadi. The National Treasury is preparing for discussions to secure a structured financing program, despite previous arrangements expiring.

  • Kenya's prior four-year, $3.6 billion (Ksh465 billion) IMF program expired in April 2024, with a final disbursement of $850 million (Ksh109.9 billion) missed.
  • Prime Cabinet Secretary Musalia Mudavadi confirmed the upcoming talks between Kenya's Treasury and the IMF.
  • Kenya is also actively working to be removed from the Financial Action Task Force (FATF) grey list on money laundering and terror financing, having been placed on the European Commission's high-risk list in June 2024.

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