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Kenya turns to World Bank as IMF deal looks unlikely before 2027 polls

Business Daily Africa reports that Kenya is seeking external funding through the World Bank while a new IMF agreement appears unlikely before the 2027 elections.

By Teqwah Desk05 Oct 04:02Updated 05 Oct 04:021 min read

Kenya turns to World Bank as IMF deal looks unlikely before 2027 polls — Photo: Business Daily Africa (direct)

Key takeaways

Kenya has turned to the World Bank in the absence of IMF funding.
Business Daily Africa considers a new IMF agreement unlikely before the 2027 elections.
The supplied source does not specify financing amounts or a timetable.

Kenya has turned to the World Bank with funding from the International Monetary Fund (IMF) absent, according to Business Daily Africa. The move puts the World Bank at the centre of the country’s current search for external financing—money raised from outside the country.

The outlet’s assessment is that Kenya is unlikely to sign a new IMF agreement before the 2027 elections. That is an outlook, rather than confirmation that an agreement has been ruled out.

For business readers, the development concerns both the source of Kenya’s external funding and the prospects for a new IMF deal. The available report points to the World Bank as the route Kenya has turned to, but gives no funding amount or timetable.

What to watch next is whether Kenya secures financing through the World Bank and whether the outlook for an IMF agreement changes ahead of the polls.