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The IMF is deciding whether to approve a new financial program for Kenya amid severe debt and revenue challenges.
The IMF is expected to announce soon whether to approve a new financial program for Kenya, critical as the country faces a Sh11.81 trillion debt burden, revenue shortfalls, and limited borrowing options.
A two-week assessment mission concluded in Nairobi, evaluating Kenya’s request after it ended a prior $2.3 billion IMF deal due to unmet targets.
A new agreement would likely bring tough conditions, including spending cuts, tax increases, and anti-corruption reforms, potentially sparking political unrest.
High borrowing costs and a Sh20.1 billion July revenue shortfall have weakened the government’s ability to fund its development agenda.
The decision, expected imminently, could force significant economic adjustments.
El FMI está decidiendo si aprobar un nuevo programa financiero para Kenia en medio de graves problemas de deuda y de ingresos.