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Treasury avoids IMF loans in new budget
Treasury Cabinet Secretary John Mbadi addressing members of the National Assembly's Departmental Committee on Finance and National Planning at Bunge Tower, Nairobi, on November 18, 2025.
Kenya has omitted funding from the International Monetary Fund (IMF) in the national budget for the year starting July in the wake of uncertainty whether fresh talks tied to tough conditions could unlock multi-billion shilling loans.
Documents tabled in Parliament show the Treasury is not expecting new inflows from any of the IMF’s funding options, including the extended credit facility (ECF), the extended fund facility (EFF) or the resilience and sustainability fund (RSF).
