IMF urges Kenya to fix fiscal framework, cut debt vulnerabilities to spur growth

President William Ruto and IMF Managing Director Kristalina Georgieva during a past meeting.[File,Standard]

The International Monetary Fund (IMF) has called on Kenya to strengthen its fiscal framework and reduce debt vulnerabilities to improve the country's resilience against economic and climate shocks.

IMF Deputy Managing Director Nigel Clarke, who concluded a three-day visit to Kenya on Tuesday, said the authorities face a difficult balancing act of fulfilling the aspirations of Kenyans by delivering on priority social and developmental needs even as debt servicing obligations consume a large share of the government's revenues.