T
Originally published by The Standard Business
📰 Read Full Article
January 5, 2026
1d ago

State faces new IMF test as loan talks resume

State faces new IMF test as loan talks resume

The International Monetary Fund is set to dispatch its top officials to Kenya in January, aiming to break a deadlock over a new financial bailout...

✨ Key Highlights

The International Monetary Fund (IMF) will send officials to Kenya in January to restart loan negotiations, a critical test for President William Ruto's administration amidst economic pressures and public unrest. These talks follow stalled discussions in late 2025 and are crucial for stabilizing Kenya's public finances.

  • The Kenyan government recently unveiled a Sh4.73 trillion draft budget for 2026-27, a near 10 percent increase.
  • The IMF consistently advises Nairobi to expand its tax base and control spending to ensure debt sustainability.
  • Previous attempts to implement IMF-backed revenue measures, including tax hikes in the 2024 Finance Bill, sparked deadly protests.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
Advertisement
Advertisement