One of the big questions in Kenya in 2024 is whether the government can meet a $2bn Eurobond repayment due in the middle of the year. An improving balance of payments position, alongside an enhanced IMF deal and other external financing, mean that it looks increasingly likely that Kenya will avoid following the likes of Zambia, Ghana and Ethiopia down the path of default this year. Further out, though, the key will be for the Ruto administration to sustain its fiscal consolidation efforts.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services