Kenya in Danger for Missing The Final IMF Review

According to the Standard & Poor's Agency, missed disbursements from the International Monetary Fund complicate the Kenyan government's strategy of lowering its debt-servicing costs and could delay other funding.

"Since IMF funding often serves as a catalyst for other official and private flows, we expect there might be delays to World Bank (about $800 million) and United Arab Emirates (UAE; $1.5 billion) funding in first-half 2025," S&P said in a statement.

Kenya's Finance Minister John Mbadi said the government had already applied for a new IMF programme, and has said that the World Bank loan was not related to the IMF money, but was conditional on other requirements, such as passing a conflict of interest bill that the government is finalizing.