CBK Governor Explains Why Kenya's New IMF Deal Has No Start Date

Central Bank of Kenya Governor Kamau Thugge said the start of a new IMF programme would depend on Kenya and the Fund agreeing on its structure and economic priorities. Kenya has sought a successor loan arrangement since its $3.6 billion programme ended in April 2025, but several rounds of discussions have produced no agreement. The Treasury expects an IMF mission in Nairobi in early December for Article IV consultations, which would not automatically lead to a loan approval. Meanwhile, the government is pursuing Ksh127 billion in additional financing from the World Bank and African Development Bank to support the budget.