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October 16, 2025
3h ago

CBK Governor Explains Why Kenya Is Seeking New IMF Deal

CBK Governor Explains Why Kenya Is Seeking New IMF Deal

Continued IMF backing would allow the government to reduce its domestic borrowing, according to CBK...

✨ Key Highlights

Central Bank of Kenya Governor Kamau Thugge explained that Kenya is seeking a new financing deal with the International Monetary Fund (IMF) to sustain the stability of the Kenyan shilling and support economic growth, as negotiations with the IMF are currently underway in Washington, D.C.

  • The Kenyan shilling currently trades at Ksh129.23 against the US dollar and is projected to maintain stability, while inflation has eased below the 5 percent target.
  • CBK Governor Kamau Thugge highlighted that IMF support boosts investor confidence and facilitates funding from institutions like the World Bank and the African Development Bank.
  • Kenya plans to access a normal level of additional funding within 600 percent of its IMF quota, having already utilized 536 percent, with repayment expected within three years to ensure future access.

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