According to BofA, Kenya seems poised to avoid defaulting on its debt in the next 12-18 months due to access to external financing. The IMF and World Bank have already disbursed USD 1.4 billion, but further reserves are required to secure the country’s financial stability. Kenya has been struggling with rising debt repayments, which has led to increased taxation. However, it is optimistic about its ability to manage a USD 2 billion Eurobond maturing next June.