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Prime
Kenya to forego Sh63bn in IMF funding
National Treasury and Economic Planning Cabinet Secretary John Mbadi addressing journalists outside the National Treasury Building in Nairobi on February 13, 2025.
Kenya is set to miss out on Sh63.4 billion ($490 million) in new funding from the International Monetary Fund (IMF) on the termination of a multi-year programme that was set to close in April even as the country eyes a fresh arrangement with the fund.
The fund says it has reached an agreement with Kenya calling off the ninth review of the extended credit facility and the extended fund facility (ECF/EFF), which were reached in April 2021, bringing the programme to an abrupt stop before the disbursement of all available funding.
