Kenya expects IMF team in Nairobi as talks on new funding programme gather pace
Kenya expects an International Monetary Fund (IMF) team to visit Nairobi soon for economic consultations and discussions on a new funding programme, signalling that talks between the government and the lender are moving forward. Central Bank of Kenya (CBK) Governor Kamau Thugge said the IMF mission will come to Nairobi for Article IV consultations, which […]
The International Monetary Fund (IMF) is expected to send a team to Nairobi for talks on a new funding program, according to Kenya's Central Bank of Kenya (CBK) Governor Kamau Thugge. The Article IV consultations will assess Kenya's economic performance and policy direction. These discussions will also explore the possibility of a new IMF-supported program to bolster external financing, stabilize the foreign exchange reserves, and reassure investors about Kenya's economic outlook.
The IMF visit comes as Kenya prepares its largest national budget in history, with a proposed Ksh5.323 trillion budget for the 2027/28 financial year, including a Ksh1.321 trillion fiscal deficit. The upcoming IMF discussions are particularly significant given Kenya's high public debt and the ongoing negotiations on a new IMF program, which are contingent on credible plans to reduce budget deficits, strengthen governance reforms, and maintain macroeconomic stability.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
