This follows discussions with Kenyan authorities on the country\u2019s economic situation and potential policy reforms that could underpin a new IMF-supported programme.<\/p>\n
<\/p>\n
The delegation, led by Haimanot Teferra, was in Kenya from September 25 to October 9 and met with President William Ruto, Finance Cabinet Secretary John Mbadi Ng\u2019ongo, and Central Bank Governor Kamau Thugge. The team also engaged with parliamentarians, civil society, private sector leaders, and development partners.<\/p>\n
<\/p>\n
In a statement at the end of the mission, on Friday, Teferra said the team had made \u201cprogress in taking stock of the latest macroeconomic and financial sector developments, assessing the economic outlook, and holding initial discussions with the Kenyan authorities and other stakeholders on a reform agenda that could pave the way for an IMF-supported programme.\u201d<\/p>\n
<\/p>\n
She said the discussions focused on enhancing fiscal credibility, strengthening debt sustainability, and managing risks in the fiscal, financial, and external sectors. The talks also covered measures to improve governance, transparency, and efficiency in the public sector.<\/p>\n
<\/p>\n
\u201cThe team will return to Washington, DC, to further its technical work. The discussions with the authorities will continue during the upcoming IMF Annual Meetings,\u201d Teferra said.<\/p>\n
<\/p>\n
Kenya\u2019s economy has faced multiple challenges in recent years, including high debt levels, a depreciating currency, and elevated inflation driven by global commodity shocks and climate-related disruptions. The government has been under pressure to stabilise public finances while maintaining support for growth and social spending.<\/p>\n
<\/p>\n
The IMF\u2019s engagement comes as Nairobi explores options to bolster fiscal discipline and strengthen investor confidence amid tight financing conditions.<\/p>\n
<\/p>\n
\u201cWe welcome the Kenyan authorities\u2019 candid engagement and remain steadfast in our commitment to partnering with Kenya to secure a more robust, sustainable, and inclusive economic future for all Kenyans,\u201d Teferra said, expressing appreciation for the hospitality and cooperation shown during the visit.<\/p>\n
<\/p>\n
–IMF\/ChannelAfrica–<\/p>\n
<\/p>\n
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