Kenya to seek a new IMF agreement

Kenyan President William Ruto delivers remarks after they officially signed a political cooperation deal in a bid to boost his presidency after months of turmoil, in Nairobi on March 7, 2025.[AFP]

Kenya will seek a new agreement with the International Monetary Fund, the IMF said Monday, after the current programme winds to a close.

The country is currently considered an economic bright spot in the troubled East African region, but is grappling with around $80 billion in external and domestic debt.