IMF urges fiscal discipline, debt sustainability after Kenya visit
NAIROBI, Kenya, Oct 11 - The International Monetary Fund (IMF) has urged Kenya to strengthen public finance management and debt sustainability, following Kenya breaking news | Kenya news today |..
✨ Key Highlights
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.
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Kenya Raises US$1.5 Billion Eurobond and Buys Back KSh 81.2 Billion of 2028 Debt - October 2025
Kenya has returned to international markets, successfully raising US$1.5 billion through a dual-tranche Eurobond issuance. This issuance is intended to proactively manage its debt and refinance near-term obligations. Following the new issuance, Kenya successfully bought back US$628.44 million (KSh 81.2 billion) of its 2028 Eurobond. The buyback aims to smooth debt maturities and reduce refinancing risk, marking the country's second major liability management operation in under two years. These actions occurred as the International Monetary Fund (IMF) concluded a two-week mission to Nairobi, urging Kenya to strengthen public finance management and ensure debt sustainability. The IMF discussions also aimed to assess Kenya's economic outlook and explore policies for a new program.
