IMF delegation in Nairobi for talks on possible fund support
Business
By
Sharon Wanga
| Sep 24, 2025
An International Monetary Fund (IMF) delegation is expected to arrive in Nairobi tomorrow for a two-week mission to discuss potential financial support for Kenya.
In a statement released on Wednesday, the IMF announced that the visit follows an invitation from the Kenyan government.
The team, led by Haimanot Teferra, the mission chief for Kenya, will be in the country from September 25 to October 9.
“At the request of the Kenyan authorities, an IMF staff team will begin initial discussions in the coming days on a possible Fund-supported program,” Teferra said.
The IMF reaffirmed its commitment to helping Kenya maintain macroeconomic stability, safeguard debt sustainability, strengthen governance, and promote inclusive and sustainable growth.
READ MORE
Concern over growing inequality as 47,798 candidates score E
Great Wall tenants accuse management of alleged negligence
Parents worry as 8-4-4 learners face neglect amid CBE transition
State faces new IMF test as loan talks resume
Let's prioritise quality learning this year
Saudi Arabia sets executions record in 2025, putting 356 people to death
Why Omtatah wants court to block Sh2.8tr railway works
Road accident-related deaths rise by 3.4pc in 2025
Making agriculture 'cool' again: How to win the youth back into big farming
Alarming clause in Religious Organisations Bill threatens our democracy
“We look forward to constructive engagement with the authorities and other stakeholders during our visit to Nairobi,” the statement added.
Kenya has had a longstanding relationship with the IMF as it grapples with rising debt obligations, a weakening shilling, and persistent cost-of-living pressures.
So far, the country has entered into about 23 lending programmes with the Fund.
One of the recent major IMF programmes is of approximately $3.6 billion under the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangement launched in April 2021.
As of October 2024, about $3.12 billion under that facility had been approved for disbursement.
Kenya also received a $739 million loan under the Rapid Credit Facility (RFC) in May 2020 as emergency relief for balance of payments needs during the COVID-19 pandemic.
According to recent data, Kenya’s outstanding debt to the IMF stood at about USD 4.02 billion as of late June 2025, making it the second-largest borrower from the IMF among African countries.