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Debt IMFKenyaVerified brief

Kenya expects IMF team to visit Nairobi to discuss new fund‑supported programme

On August 12, 2026 Kenya said it expects an IMF team to visit Nairobi soon to begin Article IV consultations and to discuss a request for a new fund‑supported programme, after its previous $3.6 billion arrangement expired in April 2025.

MSA Market DeskEvent 12 August 2026Reviewed 2 min read

The desk brief

On August 12, 2026 Kenya said it expects an IMF team to visit Nairobi soon to begin Article IV consultations and to discuss a request for a new fund‑supported programme, after its previous $3.6 billion arrangement expired in April 2025.

If a staff‑level IMF programme materialises it would likely reduce rollover risk on Kenya’s external maturities and narrow external spreads by providing official backstop and signalling fiscal discipline. However, IMF conditionality often requires fiscal tightening and structural measures that can raise domestic financing premia in the mid‑curve as investors re‑price local funding risks; actual spread and FX outcomes will depend on programme size and conditionality.

Publication of the IMF staff report/mission dates or a formal IMF‑Kenya staff‑level agreement following the visit.

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Price Discovery

Kenya sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

11 priced bonds
10.89%9.66%8.44%7.22%6.00%20272032203720422048Kenya 27 · May 2027 · 6.647%Kenya 28 · Feb 2028 · 7.189%Kenya 31 · Feb 2031 · 8.149%Kenya 32 · May 2032 · 8.952%Kenya 33 · Oct 2033 · 9.153%Kenya 34 Jan · Jan 2034 · 9.338%Kenya 34 Feb · Feb 2034 · 9.792%Kenya 36 · Mar 2036 · 9.944%Kenya 38 · Oct 2038 · 10.204%Kenya 39 · Feb 2039 · 10.239%Kenya 48 · Feb 2048 · 9.964%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Kenya 27May 2027100.1886.647%
  • Kenya 28Feb 2028100.0637.189%
  • Kenya 31Feb 2031104.5008.149%
  • Kenya 32May 203296.5008.952%
  • Kenya 33Oct 203394.2509.153%
  • Kenya 34 JanJan 203484.2509.338%
  • Kenya 34 FebFeb 203491.1259.792%
  • Kenya 36Mar 203697.5009.944%
  • Kenya 38Oct 203890.87510.204%
  • Kenya 39Feb 203989.81310.239%
  • Kenya 48Feb 204884.9389.964%

Indicative levels only. Full bid/ask context and trading actions remain inside MSA Trader.

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