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08.10.202523:35:15UTC+00Kenya to Resume Talks with IMF on New Loan Programme

Kenya is set to resume negotiations with the International Monetary Fund (IMF) in Washington next week concerning a potential new programme, as announced by Central Bank Governor Kamau Thugge on Wednesday. These discussions come after the expiration of Kenya’s previous USD 3.6 billion IMF arrangement earlier this year, with officials aiming to establish a new agreement that includes a lending element. “We will continue the discussions next week in Washington, and we are optimistic about reaching an agreement on our funded programme as soon as possible,” stated Thugge during a press conference. Analysts suggest that securing a new IMF loan agreement could aid Kenya in managing its external debt repayments and bolster financial stability amid ongoing fiscal challenges.

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