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August 12, 2026
2h ago

CBK Governor Reveals Details of New IMF Loan Deal

CBK Governor Reveals Details of New IMF Loan Deal

The government plans to borrow Ksh1.321 trillion in the 2027/28 financial year to bridge the widening budget deficit, as Kenya turns to the IMF for a potential new funding programme...

✨ Key Highlights

Kenya is in talks with the International Monetary Fund (IMF) for a new funding arrangement, with discussions expected to take place in Nairobi soon.

  • Central Bank of Kenya (CBK) Governor Kamau Thugge confirmed the ongoing discussions.
  • An IMF mission will visit for Article IV consultations, which include reviewing economic performance and policy direction.
  • Previous negotiations slowed due to concerns over governance and corruption, with the IMF requiring a credible plan to address these issues and reduce deficits.

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