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October 8, 2025
4h ago

Inside Details of New IMF Deal for Kenya

Inside Details of New IMF Deal for Kenya

The new deal comes after the expiry of the previous loan worth over Ksh460 billion...

✨ Key Highlights

Kenya and the International Monetary Fund (IMF) are preparing for crucial talks in Washington, DC, regarding a new financing program, as announced by Central Bank of Kenya Governor Kamau Thugge.

  • Kenya aims to secure a deal that includes a lending component after failing to raise Ksh348 billion through the Finance Bill of 2024.
  • Governor Kamau Thugge expressed optimism for a swift agreement on a funded program.
  • The Kenyan government seeks Ksh901 billion in loans for the 2025/2026 budget, with approximately Ksh287.4 billion expected from foreign borrowing.
  • The new loan is intended to facilitate external debt payments, with talks expected to conclude within the next two months.
  • An IMF team conducted initial discussions in Nairobi from September 25 to October 9, including an assessment of Kenya's economic policies and debt sustainability.

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