IMF terms for new Sh75 billion Kenya loan pegged on reforms

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The National Treasury building in Nairobi in this picture taken on March 15, 2023. PHOTO | DENNIS ONSONGO | NMG

Kenya will not tap into its new $544.3 million, about Sh75.3 billion, loan facility with the International Monetary Fund (IMF) until November when the first review of agreed policy reform measures is undertaken.

The IMF reached a staff-level agreement with the Kenyan government for a new loan under the Resilience and Sustainability Facility (RSF) on May 22, following the conclusion of the fifth review of the ongoing programme with the fund which has now been extended to April 2025.

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