IMF Sends Officials To Kenya For 2-Week Corruption Survey
The International Monetary Fund (IMF) will conduct a two-week survey of the impact of corruption on the country’s public finances in order to prepare the ground for a new financial support arrangement.
According to Bloomberg, the IMF team will evaluate the efficiency of Kenya’s anti-corruption legislation and institutional framework.
They will also look into graft concerns in fiscal and central bank governance, the rule of law, and market regulation.
According to an IMF spokesperson, the 14-day research would be critical in helping the government strengthen its anti-corruption capacity before entering into a new finance deal with the institution.
The proposed involvement with the IMF underlines Kenya’s hunt for new financing in order to stabilize and boost economic growth, a factor that has repeatedly sparked protests in the country.
“The review is part of the IMF’s commitment to helping strengthen governance and anti-corruption frameworks,” an IMF spokesperson told the publication.
An IMF audit team is in Kenya to assess the impact of corruption on public finances https://t.co/VuNnEIe5z3
— Bloomberg (@business) June 16, 2025
According to Bloomberg, the team will then submit the study’s findings to the Kenyan government before publishing after receiving approval from the state.
In March 2025, Kenya chose not to proceed with the 9th review, deferring an expected $800 million disbursement to initiate talks for a new funding agreement.
The IMF’s Executive Board completed the 7th and 8th assessments of Kenya’s $3.6 billion Extended Fund Facility (EFF), Extended Credit Facility (ECF), and Resilience & Sustainability Facility (RSF), resulting in about $606 million in new funds.
In May 2025, an IMF staff-level agreement was obtained for a Resilience and Sustainability Facility (RSF) loan of Ksh75.3 billion.
This financing is conditional on climate and green changes and is scheduled to be distributed in early November.
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Speaking on Wednesday, June 11, CBK Governor Kamau Thugge stated that the country had written to the IMF asking for a new agreement.
“We are indeed having discussions with the IMF, and the government did send a letter to the IMF requesting to negotiate a new arrangement,” the Governor said.
“We are expecting an IMF team to come in September to start discussions on the Article IV consultation.”
According to Thugge, the team undertakes a thorough examination of the country’s economic and financial policies, as well as a debt sustainability analysis.
IMF Sends Officials To Kenya For 2-Week Corruption Survey
