IMF has received a formal request for a new Kenya financing programme

IMF has received a formal request for a new Kenya financing programme

NAIROBI - The International Monetary Fund has received a formal request for a new programme from Kenyan authorities and will engage with them going forward, it said on Monday. Read more at straitstimes.com.

Kenya seeks new IMF deal after abandoning latest review

https://www.horndiplomat.com/feed/ By: REUTERS Kenya and the International Monetary Fund (IMF) will discuss a new lending programme and abandon the current one, as the country struggles to get its economy back on track after a borrowing spree led to a surge in debt-servicing costs. The East African nation needs continued financial support from the Fund to keep […] The post Kenya seeks new IMF deal after abandoning latest review appeared first on…

Kenya seeks new IMF deal after scrapping latest review

Kenya has formally requested a new lending program from the International Monetary Fund (IMF) after both sides agreed to abandon the latest review of the country’s current $3.6 billion loan arrangement. The decision, announced at the end of an IMF mission visit to Nairobi, comes as the East African nation struggles with mounting debt servicing costs following years of heavy government borrowing. “The IMF has received a formal request for a new p…

Amid High Debt Servicing Costs, Kenya Considers Fresh IMF Loan

By Enyichukwu Enemanna Kenya has opened talks with the International Monetary Fund (IMF) to explore fresh borrowing options as both sides agreed to step down a ninth review of the outstanding $3.6 billion loan. Faced with a high inflation rate, Kenya needs continued support to keep its economy on track after a decade-long borrowing spree pushed up debt servicing costs. “The Kenyan authorities and IMF staff have reached an understanding that the …

5 measures Kenya can undertake to manage debt, grow economy

Policy analyst Billy Mijungu outlines strategies for Kenya to manage its debt and strengthen economic resilience, including reinstating a fixed debt ceiling.

Ruto Asks IMF for Unspecified Multibillion Loan

The Kenyan government led by President William Ruto has submitted a new financing programmed to the International Monetary Fund (IMF). This development comes after a staff team from IMF, led by Haimanot Teferra, visited Nairobi between 6th and 14th March 2025. Speaking at the conclusion of the visit, Teferra said the IMF has received a formal request for a new programme from Kenyan government. She said the Fund’s leadership will engage the Kenya…