A team from the International Monetary Fund (IMF) has concluded a mission visit to Kenya after holding discussions with government officials and stakeholders.
The delegation, led by IMF Mission Chief for Kenya Haimanot Teferra, was in Nairobi from February 24 to March 4.
The team held meetings with National Treasury Cabinet Secretary John Mbadi, Central Bank Governor Kamau Thugge, and their teams to review recent economic developments and discuss Kenya’s policy agenda in the context of the authorities’ program request.
During the visit, the IMF team also held engagements with officials from other government ministries, independent oversight institutions, civil society organizations, private sector representatives, financial sector players, and development partners.
Teferra said the discussions focused on economic trends and potential risks facing the country.
“The IMF staff team engaged with the authorities on recent macroeconomic and policy developments and key risks, including potential spillovers from developments in the Middle East. Discussions highlighted the need to strengthen fiscal discipline, enhance fiscal credibility, and build resilience to external shocks,” she said.
Teferra added that improving governance and efficiency in the public sector would be important in supporting the reforms under discussion.
“These efforts should be supported by strengthened governance and greater public sector efficiency. Discussions with the authorities will continue during the upcoming IMF-World Bank Group Spring Meetings,” she added.
Teferra also expressed appreciation to Kenyan authorities and stakeholders for their cooperation during the mission.
“The team thanks the authorities and other key stakeholders for their hospitality, candid engagement, and support during the visit,” the statement concluded.
