IMF team to visit Kenya as red flag is raised over debt levels
National Treasury of Kenya. Economists say the government will be forced to reduce spending on key infrastructure projects to repay the loans. PHOTO FILE | NATION
The International Monetary Fund will be sending an economic review team to Kenya this month amid growing concerns over the spiralling country’s public debt, which could force a slowdown in delivery of infrastructure projects.
The IMF has already asked the government to seek ways to reduce the country’s fiscal deficit — the gap between expenditure and revenue — in order to address debt vulnerability.
