Kenya's debt owed to IMF and World Bank (Sh bn)
Kenya's external debt stood at Sh5.06 trillion as of 2024
23d agoWILLIAM WANYOIKEInfographics
National Treasury Building along Harambee Avenue in Nairobi /ENOS TECHE
Kenya risks defaulting on its loans if it fails to deal decisively with corruption in the public sector, cut the wage bill, and review its uncertain tax policies.
In a strongly worded public finance review for Kenya titled ‘Beyond the budget: Fiscal policy for growth and jobs’, the World Bank warns of far-reaching economic consequences, including reduced GDP per capita by 8.5 per cent in three years and a rise in poverty levels by six per cent in five years.
