The Kenya economy awaits a new IMF programme after its last one lapsed in 2025, as the shilling holds near KSh 129.47 to the dollar and debt distress risk
Economy · Kenya
Key Facts
—The stakes Kenya’s public debt is at high distress risk; external debt service consumes nearly a third of tax revenue.
—The currency The shilling held a narrow KSh 128.9-130 band from late 2025 into September 2026, trading at KSh 129.47 to the dollar on September 4, 2026.
—The IMF Kenya’s last loan programme lapsed in 2025 after it missed the final review; a new deal is still being negotiated, with no agreement confirmed by September 2026.
Kenya requested a new IMF programme after its previous $3.6 billion deal ended in April last year on the back of failure to meet…
The official reserves have already recorded a reduction since the start of the US-Israel war on Iran in March, but the Kenya…
The Kenya shilling has held steady, trading within a narrow-bound range of 129 to 130 units against the US dollar while the…
Official government data shows that Kenya's public debt is racing towards a record of Sh13 trillion.
Kenya faces a deep financial crisis as public debt hit Sh13.08 trillion in June, raising concern from both oversight bodies and…
The Ruto Treasury has already omitted IMF funding from the national budget for the year starting July.
