The IMF has advised Kenya to exercise caution with new borrowing, citing a high risk of debt distress. This comes as the government plans to secure a USD 1.5 bln loan from the UAE. Kenya’s public debt stood at KES 10.6 tln (USD 81.69 bln) as of July 2024, with domestic debt at KES 5.41 tln by June. Debt servicing for the 2024/25 fiscal year is KES 1.85 tln (USD 14.26 bln).