A team from the International Monetary Fund (IMF) was due to arrive in Kenya on Tuesday to discuss a new loan programme, the government said.
The East African nation has sought to clinch a new lending programme after the expiry of the previous $3.6 billion deal in April and both sides have since held a series of talks in Nairobi and Washington.
“An IMF team is scheduled to visit Kenya from February 24 to March 4, 2026 to continue discussions on a successor arrangement aimed at supporting key policy reforms and potentially providing financial assistance,” the government said in a Eurobond prospectus released publicly late on Tuesday.
The talks are aimed at ensuring that any new programme aligns with Kenya’s “fiscal and economic priorities” while supporting macroeconomic stability, the government said in the prospectus, part of a $2.25 billion issuance last week.
The Washington-based lender did not immediately react to a request for comment.
Finance Minister John Mbadi said earlier this month that Nairobi had formally requested a new programme. The government has not factored in IMF funding for the current fiscal year and the next one starting in July but is keen to strike a deal with the IMF to bolster investor confidence, Mbadi said.
–Reuters–
