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IMF upsets Treasury with calls to classify new SGR cash as debt
National Treasury and Economic Planning Cabinet Secretary John Mbadi when he appeared before the National Assembly Public debt and Privatization Committee at the Continental House in Nairobi on November 28, 2024.
The International Monetary Fund (IMF) has asked Kenya to add pending bills, infrastructure funds from securitisation and non-guaranteed loans by State corporations of over Sh1 trillion to public debt, setting the stage for a confrontation with the Treasury.
Kenya currently has a narrow definition of public debt, which only includes loans and government securities, including Treasury bonds and bills.
