The International Monetary Fund (IMF) has reaffirmed its commitment to supporting Kenya following high-level discussions aimed at bolstering the nation’s economic stability amid a volatile global market.In a statement released on their X account after the 2026 Spring Meetings held at IMF Headquarters on April 13, 2026, the National Treasury
Tag: National Treasury Kenya
Mbadi Touts Kenya’s Poverty Drop, Pledges Faster Reduction
Treasury Cabinet Secretary John Mbadi addressed the Senate, highlighting Kenya's steady progress in reducing poverty while emphasizing the need for continued efforts to achieve sustainable improvements.During his appearance before the plenary on Wednesday, February 25, 2026, Mbadi presented data indicating a gradual decline in the national poverty headcount ratio over
Kenya Raises Ksh290B in $2.25B Eurobond to Refinance 2028, 2032 Debt
In a strategic financial move, the Kenyan government has successfully mobilized Ksh290 billion to address Eurobonds maturing in 2028 and 2032, thus alleviating pressure on the nation’s debt schedule.On Friday, February 20, 2026, the Treasury announced that it raised funds from international markets through a new bond sale. “The government
Treasury PS Chris Kiptoo: Kenya Shifts to Accrual Accounting via IFMIS
Treasury Principal Secretary Chris Kiptoo has recently updated the public on Kenya's significant transition from cash-based to accrual-based accounting, reflecting the government's commitment to enhancing transparency and accountability in public finances. He emphasized the pivotal role of the Integrated Financial Management Information System (IFMIS) in facilitating this transformative reform.In a
Mbadi Vows to Save NG-CDF as Court Deadline Looms
Treasury Cabinet Secretary John Mbadi has firmly defended the Constituency Development Fund (CDF) against potential abolition.During a media briefing at the Treasury headquarters on Thursday, January 15, 2026, Mbadi, who has served two terms as the elected representative for Suba East, highlighted the fund's benefits based on his firsthand experience.