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Originally published by Kenyans
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April 14, 2026
3h ago

IMF Questions Ruto Govt Over Ksh335 Billion Fund

IMF Questions Ruto Govt Over Ksh335 Billion Fund

This comes as Kenya's debt currently stands at Ksh12.3 trillion, with the government's plans to service it hitting a dead end as the IMF proposes tightening its noose...

✨ Key Highlights

The International Monetary Fund (IMF) has instructed Kenya to reclassify Ksh335 billion raised through future tax pledges as public debt, a move that could significantly impact the government's infrastructure financing plans and its pursuit of a new IMF lending program.

  • Ksh335 billion (approximately USD2.6 billion) is the amount the IMF wants classified as debt.
  • The IMF is the key organization making this demand.
  • Funds were raised by securitising specific tax flows, such as sports levy, fuel tax, import duty, and passenger tax, to finance projects like Talanta Stadium and the SGR extension.

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