To be sure, the IMF is not the only cause of Kenya’s problems with raising the funds to meet its substantial debt obligations and deal with its budget deficit.

Kenya and the International Monetary Fund (IMF) will discuss a new lending programme and abandon the current one, as the country struggles to get its economy back on track after a borrowing spree ...

Kenya’s mass 2024 protests were a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial ...

The executive board of the International Monetary Fund has approved the seventh and eighth reviews of Kenya's program, the IMF said on Wednesday, paving the way for the cash-strapped government to ...

In Kenya, that anger is fresh because Ruto’s now-withdrawn tax hikes as well as similar legislation passed in 2023 are both linked to IMF loans as Kenya staggers under the weight of a heavy debt ...

Kenya agreed a four-year loan with the IMF in 2021, and signed up for additional lending to support climate change measures in May 2023, taking its total IMF loan access to $3.6 billion.

IMF Statement on Kenya . June 26, 2024. Washington, DC: Ms. Julie Kozack, IMF Director of Communications, stated on Kenya: "We are deeply concerned about the tragic events in Kenya in recent days and ...

The IMF has committed $4.4 billion to Kenya, and the World Bank anticipates $12 billion in support from 2024 to 2026. Yet, the program negotiated with the IMF requires steep spending cuts and ...

NAIROBI (Reuters) - The International Monetary Fund said on Tuesday it has held productive discussions with the Kenyan government on its plans to address the country's economic and fiscal ...

An International Monetary Fund mission is in Kenya for two weeks to assess the impact of corruption on public finances, with the findings expected to inform a new program requested by the government.

Although countries have to request the IMF audit, western governments had urged Kenya to seek the so-called “governance diagnostic” to help it complete a long-delayed review of a $3.6 billion ...