Friday, October 10,2025 - The International Monetary Fund (IMF) has outlined a series ofreforms that President William Ruto’s administration must implement to qualifyfor a new IMF-supported loan program.The conditions were issued following a two-week mission inKenya, where IMF officials assessed the country’s economic outlook and helddiscussions with key stakeholders.To secure the new facility, the Government must restorefiscal credibility, ensure debt sustainability, and enhance transparency andgovernance across the public sector.IMF Mission Chief for Kenya, Haimanot Teferra, emphasizedthat these reforms are critical to mitigating fiscal, financial, and externalrisks that continue to threaten Kenya’s economic stability.During the visit, the IMF team met with President Ruto,Treasury Cabinet Secretary John Mbadi, Central Bank Governor Kamau Thugge, andrepresentatives from Parliament, civil society, private businesses, anddevelopment partners.“We welcome the Kenyan authorities’ candid engagement andremain committed to partnering with Kenya for a more robust, sustainable, andinclusive economic future,” Teferra stated.The proposed program would replace the previous US$3.6billion (Ksh465.2 billion) facility, which was terminated in March.In June, the IMF also conducted a separate review of Kenya’santi-corruption framework, focusing on fiscal governance, Central Bank oversight,and legal safeguards.The findings will inform Kenya’s readiness for futurefunding.The announcement comes days after the World Bank advised theGovernment to consider raising consumption taxes, including VAT and exciseduty, citing a surge in pending bills from Ksh421.6 billion in March to Ksh526billion by June.The Kenyan DAILY POST
IMF lists reforms that RUTO’s Government must implement to qualify for a new loan facility
