An International Monetary Fund (IMF) delegation will be in Kenya for 15 days to engage the government on a potential Fund-backed program.

In a statement issued on Wednesday, September 24, the IMF announced that the mission—headed by Haimanot Teferra, its Kenya chief—will take place in Nairobi from Thursday, September 25, to Thursday, October 9.

The IMF noted that the visit follows a request from Kenyan authorities and reaffirmed its readiness to continue supporting the country.

“At the request of the Kenyan authorities, an IMF staff team will begin initial discussions in the coming days on a possible Fund-supported program.

“The IMF remains committed to supporting Kenya in its efforts to maintain macroeconomic stability, safeguard debt sustainability, strengthen governance, and promote inclusive and sustainable growth for the benefit of the Kenyan people,” Teferra said.

Teferra emphasized that the team looks forward to engaging closely with the government and other stakeholders throughout the two-week visit.

“We look forward to constructive engagement with the authorities and other stakeholders during our visit to Nairobi,” the statement concluded.

The talks are intended to lay the groundwork for a fresh successor program to the US$3.6 billion (Ksh465.2 billion) facility that was cut short in March.

As part of the mission, the IMF team is expected to carry out a comprehensive review of Kenya’s economic and financial policies, including a debt sustainability analysis, before deciding on a new funding package.

This follows the government’s formal request to open negotiations for a new arrangement under the Article IV consultation framework.

It will be the second IMF delegation to visit the country in just four months. In June, the lender sent a team for a two-week review focusing on Kenya’s anti-graft laws, institutional capacity, and governance practices at both fiscal and central bank levels, alongside broader rule-of-law and market regulation issues.

The assessment was aimed at ensuring the government strengthens its anti-corruption safeguards as part of the preconditions for a new deal.

If the upcoming negotiations succeed, the new financing agreement could help spur economic growth and ease the cost of living for Kenyans.

The announcement also comes shortly after Prime Cabinet Secretary Musalia Mudavadi revealed plans to issue a diaspora bond to tap into resources from Kenyans abroad.

The government hopes to raise between US$250 million (Ksh32.3 billion) and US$500 million (Ksh65 billion) through the bond, while targeting US$3.8 billion (Ksh491 billion) in diaspora investments in the long term. The funds are expected to support key infrastructure projects, particularly in energy and transport.