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Originally published by The Standard Business
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April 14, 2026
2h ago

Come clean on hidden debt or no deal, IMF's new ultimatum to Ruto

Come clean on hidden debt or no deal, IMF's new ultimatum to Ruto

Without a new programme, Kenya’s options are narrowing. Domestic borrowing remains expensive, and international markets are largely closed...

✨ Key Highlights

The International Monetary Fund (IMF) has issued a new ultimatum to the Ruto government, demanding transparency on potentially "hidden" public debt before any new bailout deal can be considered.

  • Billions of shillings in potentially "hidden" public debt have raised fresh concerns.
  • The Kenyan delegation, led by Treasury Cabinet Secretary John Mbadi, arrived in Washington D.C. for talks.
  • The ultimatum comes as Kenya scrambles for a bailout amidst a worsening fiscal crisis and economic shocks.

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