As Kenya continues to weigh what to do with the orders signed by US President Donald Trump ordering a freeze on aid funding and imposing reciprocal tariffs on trade, the International Monetary Fund (IMF) has revealed it expects to receive more calls from African nations, including Kenya.
The IMF has revealed that it is expecting an increase in funding support requests in the form of loans from a majority of African countries, Kenya included, as nations seek ways to cushion their citizens from the tariffs.
The international lender's anticipation comes at a time when bond yields in leading economies, including Kenya, have surged due to a selloff of riskier assets, reflecting higher returns demanded by investors in response to increased risk.
The surge in bond yields could increase the government's borrowing costs, straining fiscal budgets and potentially limiting its ability to fund key projects and services.
