Kenya Failed Final IMF Program Review May Delay World Bank, UAE Funds, S&P Says

Kenya’s failure to meet key targets in its final review under an International Monetary Fund program that led it to forfeit a disbursement of about $850 million may lead to delays in it obtaining other external financing, S&P Global Ratings said.

“Since IMF funding often serves as a catalyst for other official and private flows, we expect there might be delays to World Bank — about $800 million — and United Arab Emirates — $1.5 billion — funding in first-half 2025,” the ratings agency said Monday.