Thursday October 9, 2025
A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., U.S., November 24, 2024. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights
Kenya will continue discussions with the International Monetary Fund about a new programme next week in Washington, the country's central bank governor said on Wednesday.
The East African nation's $3.6 billion programme with the IMF expired earlier this year, and some officials have expressed an interest in getting a new one that will include a lending component.
Some financial analysts have said that Kenya needs a new loan deal from the Washington-based Fund to anchor its external debt repayments.
Thugge was speaking a day after the Central Bank of Kenya cut its benchmark lending rate (KECBIR=ECI), opens new tab by 25 basis points to 9.25%, the eighth easing step in a row.
Reporting by George Obulutsa; Additional reporting by Duncan Miriri; Editing by Alexander Winning