Nairobi to the IMF Table: Unpacking Kenya's Debt Negotiations

Debt negotiations are rarely transparent. The terms that emerge — interest rates, grace periods, collateral clauses — are shaped by power dynamics as much as economics. This episode traces Kenya's recent engagement with bilateral creditors, Eurobond markets, and multilateral institutions. We examine what has been disclosed publicly, what can be inferred from Treasury and CBK data, and what the negotiating record suggests about Kenya's leverage — or lack thereof — in these high-stakes conversations.