Kenya’s failure to meet IMF targets may delay external financing, including USD 800 mln from the World Bank and USD 1.5 bln from the UAE in the first half of 2025. The country’s request for a new IMF funding program could be finalized ahead of the next fiscal year starting in July, contingent on reforms passed under the 2025 Finance Bill. The missed disbursements complicate the government’s efforts to reduce debt-servicing costs. Kenya plans to lower the portion of foreign loans to about 18% in the next fiscal year.