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Home»Business»Why IMF is demanding corruption audit on Kenya
Business

Why IMF is demanding corruption audit on Kenya

By By Brian NgugiJuly 4, 2025No Comments1 Min Read
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Treasury CS John Mbadi and PS Chris Kiptoo lead the Kenyan delegation in a meeting with the IMF team led by Director of the Fiscal Affairs Department Vitor Gaspar and Director of the Legal Department Yan Liu in the US. [Courtesy] 

Kenya’s quest for billions in crucial financing from the International Monetary Fund (IMF) now hinges on its commitment to tackle endemic corruption, as the global lender has stressed good governance as a fundamental requirement for future disbursements. 

This shift follows a two-week “Governance Diagnostic” mission led by Deputy Division Chief in the Fiscal Affairs Department, Rebecca A. Sparkman, which concluded on June 30. 

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Kenya’s quest for billions in crucial financing from the International Monetary Fund (IMF) now hinges on its commitment to tackle endemic corruption, as the global lender has stressed good governance as a fundamental requirement for future disbursements. 

Published Date: 2025-07-04 08:20:00
Author:
By Brian Ngugi
Source: The Standard
By Brian Ngugi

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