Kenya is set to hold follow-up meetings with the International Monetary Fund (IMF) in the coming weeks to discuss the framework for a potential new economic support programme, according to the country’s Treasury officials.
The meetings will focus on fiscal consolidation, debt sustainability, and reforms to boost domestic revenue and attract foreign investment. Treasury sources told Business Daily Africa that discussions will build on Kenya’s current Extended Fund Facility and Extended Credit Facility arrangements, which have provided critical budget support since 2021.
An IMF spokesperson confirmed to Reuters that the Fund maintains “constructive engagement” with Kenyan authorities and will continue supporting the government’s reform agenda aimed at strengthening economic stability.
The proposed programme could include measures to enhance tax compliance, improve state-owned enterprise management, and manage Kenya’s rising debt service obligations, which the World Bank estimates will consume over 60% of government revenues in 2025.
Kenya’s Finance Ministry said in a statement that it remains committed to maintaining macroeconomic stability while protecting social spending to cushion vulnerable households.
