Kenya Eyes IMF Deal to Expand External Borrowing in 2025/26 Budget

• Treasury signals potential shift in financing mix if new IMF program is secured
• Domestic borrowing target raises concerns over private sector credit growth

Nairobi, Kenya – Kenya is poised to double its proposed net external financing for the fiscal year starting July 2025 if it secures a new International Monetary Fund (IMF) lending program, which is currently under negotiation.