An International Monetary Fund (IMF) staff team, led by Haimanot Teferra, visited Nairobi from September 25 to October 9, 2025. The purpose of the visit was to evaluate Kenya’s economic situation and begin discussions on policies and strategies that could be supported by an IMF program.
During their stay, the IMF team met with President Ruto, Cabinet Secretary John Mbadi Ng’ongo, Central Bank Governor Kamau Thugge, and their teams. They also held talks with members of Parliament, officials from government agencies, civil society representatives, private businesses, financial sector participants, and development partners.
At the end of the visit, Ms. Teferra stated: “The IMF staff team made progress in taking stock of the latest macroeconomic and financial sector developments, assessing the economic outlook, and holding initial discussions with the Kenyan authorities and other stakeholders on a reform agenda that could pave the way for an IMF-supported program. The policy priorities include measures to enhance fiscal policy credibility, ensure sustainability of public finances and debt, and minimize fiscal, financial, and external sector risks as well as ways to enhance governance, transparency, and efficiency in the public sector.
“The team will return to Washington, D.C. to further its technical work. The discussions with the authorities will continue during the upcoming IMF Annual Meetings..
“We welcome the Kenyan authorities’ candid engagement and remain steadfast in our commitment to partnering with Kenya to secure a more robust, sustainable, and inclusive economic future for all Kenyans.
“We thank the authorities and all our partners—representatives of the private sector, civil society, development partners and other stakeholders in Kenya—for their hospitality, and the constructive discussions and support during the visit.”