IMF sets tough conditions for fresh Kenya funding

The Central Bank of Kenya(CBK) Governor Dr Kamau Thugge during a past interview.

Photo credit: File | Nation Media Group

Kenya must convince the International Monetary Fund (IMF) that it can meet set revenue and spending discipline targets to unlock new funding from the Washington-based institution, the National Treasury and the Central Bank of Kenya (CBK) have disclosed.

According to the Kenyan authorities, the IMF is eager to see final budget estimates for the upcoming 2025-26 fiscal year and accompanying revenue-raising measures before signing off on a new credit facility.

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