Treasury Cabinet Secretary John Mbadi is leading a senior team to Bangkok, Thailand, to engage the International Monetary Fund and World Bank Group during their 2026 Annual Meetings from 12 to 18 October.

The delegation aims to discuss financing options, economic stability and development priorities with global financial leaders, according to a Treasury statement.

Kenya’s Central Bank Governor Kamau Thugge told a Monetary Policy Committee briefing on 8 October that the country could meet its Sh987 billion borrowing requirement for 2026/27 without fresh IMF loans, projecting foreign‑exchange reserves of $15 billion by year‑end.

Despite the reserve outlook, Thugge said concessional funding from the IMF remains important for the Treasury’s financing plans, even if it is not critical for balance‑of‑payments needs.

The Treasury has not included IMF financing in its current fiscal plan, but continues to explore external sources, including a $750 million World Bank budget‑support facility approved in June 2026 and additional requests of about Sh127 billion from the World Bank and African Development Bank.

The proposed package comprises a $725 million World Bank Development Policy Operation (≈Sh94 billion) and roughly Sh34 billion from the AfDB, pending reform commitments and approval processes as noted by Treasury Public Debt Management Director General Raphael Owino.

These facilities have not yet been fully secured or disbursed, meaning Kenya must still meet attached conditions and mobilise remaining funds to cover its budget deficit.

Negotiations for a successor IMF programme have stalled, with the Fund awaiting Kenya’s response to a draft governance diagnostic report that examines corruption risks and institutional weaknesses.

The IMF’s concerns over governance reforms and credible fiscal consolidation have complicated the prospect of a new programme, according to the Fund’s own assessment.