IMF Staff Concludes Visit to Kenya

IMF News, March 17, 2025

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IMF Staff Concludes Visit to Kenya

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Bibliographic details

• Published: March 17, 2025

Mission overview

• Press Release No. 25/66
• Date: March 17, 2025
• A staff team from the International Monetary Fund (IMF), led by Ms. Haimanot Teferra, visited Nairobi during March 6-14, 2025.
• The mission engaged with Kenyan authorities on recent developments and the macroeconomic outlook.
• The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board.
• This mission will not result in a Board discussion.

Principal outcomes and understandings

• The Kenyan authorities and IMF staff have reached an understanding that the ninth review under the current Extended Fund Facility and Extended Credit Facility programs will not proceed.
• The IMF has received a formal request for a new program from the Kenyan authorities and will engage with them going forward.

Engagement and meetings

• The staff team met with:
  • H.E. President Ruto
  • Cabinet Secretary Mbadi Ng’ongo
  • Central Bank of Kenya Governor Thugge
  • Their teams, as well as representatives from various government agencies, and other key stakeholders.
• The staff team expressed gratitude to the Kenyan authorities for their engagement and hospitality during this mission.

Contact for media

• IMF Communications Department
• MEDIA RELATIONS
• PRESS OFFICER: Pavis Devahasadin
• Phone: +1 202 623-7100
• Email: MEDIA@IMF.org
• @IMFSpokesperson

Source: IMF staff statement issued at the conclusion of the March 6-14, 2025 mission to Kenya (Press Release No. 25/66, March 17, 2025).

References

• Kenya and the IMF
• Press Releases
• PRESS CENTER
• https://www.imf.org/en/home