IMF Urges Kenya to Classify Ksh335 Billion Securitised Funds as Debt

The IMF has urged Kenya to classify the Ksh335 billion raised through future tax pledges as public debt, directly threatening President William Ruto's infrastructure financing strategy. These funds, used to finance major projects such as roads and airports, have not been officially added to the national debt register. The IMF stated that such income should be recognized as debt liabilities under international statistical standards.