This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Kenya and the IMF. Additional information can be found on Kenya and IMF country page, including official IMF reports and Executive Board documents in English that deal with Kenya.
At a Glance
- Current IMF membership: 190 countries
- Kenya joined the Fund in February 3, 1964; Article VIII.
- Total Quotas: 542.8 Million
- Loans outstanding: Stand-by Arrangement SDR 352.82 Million SCF Arrangements SDR 135.70 Million
- Kenya is on the 12-month cycle for Article IV consultations. The last Article IV consultation was concluded on June 13, 2018 (IMF Country Report No. 18/295, published on October 23, 2018)
Office Activities
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What is the new Kenya program?
Kenya has large financing needs on account of the adverse effects that the COVID-19 pandemic has created. The government has developed a medium-term reform program to address the challenges, articulated by the fiscal framework laid out in the recent Budget Policy Statement. The IMF is providing policy advice and financing to support the government’s program.
June 15, 2021
Statement on Standard Media Article
Standard Media on July 15 posted an article under the title “IMF: Kenya is world’s second most uncertain for investors.” The IMF fully dissociates itself with the content of the article. Please be aware that the World Uncertainty Index that is citied in the article, developed independently by researchers, is not an official IMF output.Fraudulent Scam Emails Using the Name of the IMF
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. In other cases, they claim to offer loans against payment of a negotiation fee. The contact e-mail information is always BOGUS.For more information please see Fraudulent Scam Emails Using the Name of the IMF
IMF's Work on Kenya
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Transcript of IMF Press Briefing
April 4, 2024
Good morning, everyone, both to those of you here with us in person and to those joining us online. Welcome to the IMF press briefing. I am Julie Kozak, Director of the Communications Department. As usual, this briefing will be embargoed until 11:00 a.m. Eastern Time in the United States.
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Kenya: Technical Assistance Report-Climate Module of the Public Investment Management Assessment
February 22, 2024
Series:Technical Assistance Report No. 2024/009
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Transcript of IMF Press Briefing
February 22, 2024
Welcome to the IMF press briefing, both to those here in the room and those of you joining us online. My name is Julie Kozak. I am the director of the IMF's Communications Department.
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African Department Director Abebe Aemro Selassie Media Briefing on Sub-Saharan Africa
February 5, 2024
African Department Director Abebe Aemro Selassie Media Roundtable
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Abebe Aemro Selassie Media Roundtable
February 5, 2024
Media Round Table
Regional Economic Outlook
April 19, 2024
A Tepid and Pricey RecoveryAfter four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
Read the Report
Departmental Papers on Africa
The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.