Access to International Monetary Fund (IMF) and World Bank loans has helped Kenya reduce its exposure to commercial debt, easing repayment pressure at a time Covid-19 has hit the country’s coffers and exposed debt vulnerabilities.
A debt review by the IMF shows that Kenya’s multilateral lender loans increased from $10.2 billion in 2019 to $13.7 billion in 2020, growing their share of Kenyan external debt from 33.4 percent to 39.7 percent within the period.
