IMF upsets Treasury with calls to classify new SGR cash as debt

The IMF has asked Kenya to include pending bills, infrastructure funds from securitisation, and non-guaranteed loans by State corporations exceeding Sh1 trillion in public debt. This demand could push Kenya's public debt beyond Sh13 trillion. The Treasury has previously rejected this inclusion, which may lead to a confrontation with the IMF, emphasizing the need for a broader definition of public debt.