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.

Kenya and the IMF Country Page

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At a Glance

  • Current IMF membership: 191 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
  • Article IV/Country Report: January 17, 2024. (IMF Country Report No. 24/13)

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Office Activities

  • 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

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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.

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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

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IMF's Work on Kenya

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Regional Economic Outlook

October 25, 2024

Regional Economic Outlook: Sub-Saharan Africa: Reforms amid Great Expectations, October 2024

Reforms amid Great Expectations

Sub-Saharan African countries are implementing difficult and much needed reforms to restore macroeconomic stability, and while overall imbalances have started to narrow, the picture is varied. Policymakers face three main hurdles. First, regional growth, at a projected 3.6 percent in 2024, is generally subdued and uneven, although it is expected to recover modestly next year to 4.2 percent. Second, financing conditions continue to be tight. Third, the complex interplay of poverty, scarce opportunities, and weak governance--compounded by a higher cost of living and short-term hardships linked to macroeconomic adjustment--are fueling social frustration. Within this environment, policymakers face a difficult balancing act in striving for macroeconomic stability while also working to address development needs and ensure that reforms are socially and politically acceptable. Protecting the most vulnerable from the costs of adjustment and realizing reforms that create sufficient jobs will be critical to mobilize public support.
Read the Report

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Departmental Papers on Africa

Africa Departmental Papers Cover 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.