K
Originally published by Kenyanstop
February 24, 2026
2h ago
Kenya to Return to IMF to Borrow Billions Amid Privatisation Plans
The IMF team has arrived in Nairobi, with the proposed arrangement expected to run for about three years, and will focus on medium-term financing and fiscal stability...
✨ Key Highlights
Kenya is pursuing a new financing program with the International Monetary Fund (IMF) to address its budget deficit, following the termination of previous agreements.
- Kenya seeks a new, roughly three-year program with the IMF for medium-term financing and fiscal stability.
- Treasury Principal Secretary Chris Kiptoo confirmed negotiations are underway for a new, distinct program.
- The previous four-year Ksh464.47 billion ($3.6 billion) program ended prematurely after Kenya missed performance targets, costing an estimated Ksh110 billion ($850.9 million) in anticipated funding.
Continue Reading
Read the complete article from Kenyans
Advertisement
Advertisement