Treasury Cabinet Secretary John Mbadi revealed that Kenya narrowly escaped a sovereign debt default due to swift government action and unexpected favorable international market conditions. He stated that a rare opening in the global financial markets allowed the nation to refinance maturing Eurobond obligations, averting severe economic consequences.

• Kenya was flagged by the International Monetary Fund (IMF) as being at high risk of sovereign default, alongside five other African countries, all of which ultimately defaulted except for Kenya.
• Treasury CS John Mbadi credited "luck" for the opportunity to issue a new Eurobond and refinance an existing one, rather than economic "magic."
• The government deliberately dealt with coming Eurobond repayments earlier than required, addressing a May 2027 payment in February and March, and a 2028 payment in September.