Kenya has become the seventh largest borrower globally from the International Monetary Fund (IMF), with an outstanding debt of approximately Ksh519.8 billion (SDR 2.95 billion). This places Kenya among the top 10 IMF debtors worldwide, highlighting its increasing reliance on external financing.

• Kenya's outstanding debt to the IMF is Ksh519.8 billion (SDR 2.95 billion), making it the seventh largest borrower globally.
• The country ranks third in Africa for IMF debt, behind Egypt and Côte d’Ivoire.
• President William Ruto announced plans to eliminate external borrowing for development projects within 10 to 20 years, leveraging national savings through the National Social Security Fund (NSSF).
• The IMF has cautioned Kenya regarding currency risks after the country switched some loan repayments from the US dollar to the Chinese yuan for the Standard Gauge Railway (SGR).