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: 190 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
  • Kenya is on the 12-month cycle for Article IV consultations. The last Article IV consultation was concluded on June 13, 2018  (IMF Country Report No. 18/295, published on October 23, 2018)

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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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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

April 15, 2021

Despite turning out better than expected, growth in 2020 is estimated to be the worst on record, at –1.9 percent, leading to a large increase in poverty. In 2021, the region’s economy is expected to resume expansion at 3.4 percent, weaker than the 6 percent for the rest of the world, amid a continued lack of access to vaccines and limited policy space to support the crisis response and recovery. Macroeconomic policies will in many countries entail some difficult choices. Saving lives remains the first priority, which will require access to affordable vaccines, ensuring that the logistical and administrative prerequisites of a vaccination rollout are in place, targeted containment efforts, and added spending to strengthen local health systems. The next priority is to unlock the region’s potential by creating more fiscal space and implementing transformative reforms. These include mobilizing domestic revenue, strengthening social protection, promoting digitalization, and improving transparency and governance. Countries will also have to consolidate their fiscal positions to bring debt back on a sustainable footing. Such measures will help lift longer-term growth and provide opportunities for the region’s new job seekers. The international community has a key role to play by ensuring more equitable and quicker access to vaccines and other medical products; and by providing low-income countries the external funding needed to pursue the policy priorities sketched above and avoid long-term scarring.
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.