This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Kenya and the IMF. Additional information can be found on Kenya and IMF country page, including official IMF reports and Executive Board documents in English that deal with Kenya.

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At a Glance

  • Current IMF membership: 190 countries
  • Kenya joined the Fund in February 3, 1964; Article VIII.
  • Total Quotas: 542.8 Million
  • Loans outstanding: Stand-by Arrangement SDR 352.82 Million SCF Arrangements SDR 135.70 Million
  • Kenya is on the 12-month cycle for Article IV consultations. The last Article IV consultation was concluded on June 13, 2018  (IMF Country Report No. 18/295, published on October 23, 2018)

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Office Activities

  • What is the new Kenya program?

    Kenya has large financing needs on account of the adverse effects that the COVID-19 pandemic has created. The government has developed a medium-term reform program to address the challenges, articulated by the fiscal framework laid out in the recent Budget Policy Statement. The IMF is providing policy advice and financing to support the government’s program.

    June 15, 2021

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Statement on Standard Media Article

Standard Media on July 15 posted an article under the title “IMF: Kenya is world’s second most uncertain for investors.” The IMF fully dissociates itself with the content of the article. Please be aware that the World Uncertainty Index that is citied in the article, developed independently by researchers, is not an official IMF output.

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Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. In other cases, they claim to offer loans against payment of a negotiation fee. The contact e-mail information is always BOGUS. 
For more information please see Fraudulent Scam Emails Using the Name of the IMF

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IMF's Work on Kenya

  • IMF Staff Concludes Visit to Kenya

    September 17, 2024

    An International Monetary Fund (IMF) team, led by Haimanot Teferra, visited Nairobi during September 11-16 and held discussions with Kenyan authorities on recent developments and their policies to manage the emerging challenges

  • Transcript of IMF Press Briefing

    September 12, 2024

    MS. KOZACK: Good morning to those of you here in person and those online as well. Welcome to this IMF press briefing. I'm Julie Kozack, Director of the Communications Department of the IMF. As usual, this briefing is embargoed until 11:00 a.m. Eastern Time in the United States.

  • Kenya: Technical Assistance Report-Improving the Business Surveys and the Nowcasting Framework at the Central Bank of Kenya

    August 7, 2024

    Series:Technical Assistance Report No. 2024/065

  • Transcript of IMF Press Briefing

    July 11, 2024

    MS. KOZACK: Good morning, everyone, both to those of you here in person and those joining us online. Welcome to this IMF Press Briefing. I'm Julie Kozack, Director of the Communications Department. As usual, this briefing is embargoed until 11:00 a.m. U.S. Eastern Time. Let me start with some announcements and then I will take your questions in person on Webex and via the Press Center.

  • IMF Statement on Kenya

    June 26, 2024

    Washington, DC – June 26, 2024: Ms. Julie Kozack, IMF Director of Communications, stated on Kenya:

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Regional Economic Outlook

April 19, 2024

A Tepid and Pricey Recovery

After four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
Read the Report

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Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.