Name: Kenya, IMF continue talks for new bailout deal
Uploaded: 2025-11-04T17:43:28.862Z
Duration: 54 s
Description: According to Treasury chief John Mbadi, the international lender wants securitized loans to fund infrastructure projects classified as sovereign debt. Nairobi objects.

According to Treasury chief John Mbadi, the international lender wants securitized loans to fund infrastructure projects classified as sovereign debt. Nairobi objects.

Nairobi

Negotiations between Kenya and the International Monetary Fund (IMF) for a new bailout agreement have reached an impasse, according to Kenya's finance minister John Mbadi. The main issue centers on whether securitized loans for infrastructure projects should be classified as sovereign debt, a point on which the IMF and the Kenyan government disagree.

Kenya is seeking a new bailout following the expiration of a $3.6 billion IMF deal in April. In October, the Kenyan government successfully reprofiled a $5 billion loan from China for railway construction, resulting in significant interest savings for the national treasury.

Kenya, IMF continue talks for new bailout deal

Talks between Kenya and the International Monetary Fund for a new lending program are at a stalemate. The country's finance minister said Tuesday. John Mbadi told a news briefing that the disagreement was over the classification of debt. According to Mbadi, the international lender wants securitized loans to fund infrastructure projects classified as sovereign debt, Nairobi objects. Mbadi said that further talks will be held to reach an agreement without specifying when. Nairobi has sought a new bailout from the IMF after the expiry of the previous $3.6 billion deal in April. In October, the country managed to reprofile its $5 billion loan acquired from China to build a modern railway to Yuan, thereby saving the treasury millions in interest payments.

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