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Originally published by Capital Businessbusiness
July 6, 2026
3h ago
Kenya among countries facing shrinking fiscal space, report finds
The report, Still Cooking With a Failed Recipe, by ActionAid, Education International and the Tax and Education Alliance argues that despite the IMF's growing emphasis on protecting social spending and promoting inclusive growth, its country-level policy advice continues to prior..
✨ Key Highlights
A new report indicates that Kenya is among developing economies facing shrinking fiscal space due to rising debt and IMF-backed reforms, limiting its ability to fund growth and public services.
- Kenya's external debt stands at $39.7 billion, with debt repayments consuming 28.7% of national revenue.
- The report, "Still Cooking With a Failed Recipe," is by ActionAid, Education International, and the Tax and Education Alliance.
- Despite the IMF's rhetoric on protecting social spending, the report argues that its policy advice prioritizes fiscal consolidation and debt repayment, leaving little room for essential services like health and education.
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