K
Originally published by Kenyans
📰 Read Full Article
top
December 11, 2025
2mo ago

Kenya to Approach IMF for More Loans Despite Parastatal Sales

Kenya to Approach IMF for More Loans Despite Parastatal Sales

The developments come at a time when Kenya has emerged among the world’s top 10 borrowers from the IMF, with the country ranked seventh globally in terms of outstanding credit...

✨ Key Highlights

Kenya is set to approach the International Monetary Fund (IMF) for another loan program, despite President William Ruto's earlier commitments to reduce external borrowing and recent moves toward privatizing state-owned enterprises. This comes as the nation's public debt has reached Ksh11.8 trillion.

  • The Central Bank of Kenya Governor Kamau Thugge confirmed that IMF staff are expected in January for discussions.
  • Kenya's previous Ksh465 billion (USD3.6 billion) IMF program expired in April.
  • The country is currently ranked seventh globally in outstanding credit to the IMF, with SDR 2.95 billion (approximately Ksh519.8 billion) owed.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article
Advertisement
Advertisement