IMF Completes Governance and Corruption Review Mission in Kenya, to Submit Report
- President William Ruto's administration invited the International Monetary Fund (IMF) team to conduct a governance diagnostic in the government
- The IMF team, which visited Kenya in June 2025, has announced the completion of the exercise and the date for the release of the draft report
- The team said it received cooperation from authorities, industry stakeholders, and members of Parliament
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Wycliffe Musalia has over six years of experience in financial, business, technology, climate, and health reporting, providing deep insights into Kenyan and global economic trends. He currently works as a business editor at TUKO.co.ke.
Kenyans will soon know the status of governance and corruption in President William Ruto's administration.
Source: Facebook
This follows the completion of the governance diagnostic mission that the International Monetary Fund (IMF) conducted in Nairobi.
When did IMF corruption review begin?
IMF kicked off the exercise in March 2025, following a request from the government.
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In a statement released on Wednesday, July 2, the IMF Technical Assistance mission led by Rebecca A. Sparkman said the diagnostic was conducted between June 16-30, 2025.
This came after the scoping mission held between March 3-5, 2025.
"The diagnostic aims to identify macro-economically critical governance weaknesses and corruption vulnerabilities, and design an action plan with specific, sequenced recommendations and reform priorities," read the IMF statement in part
The IMF team, alongside World Bank staff, engaged with the government and non-governmental stakeholders to examine governance weaknesses and corruption vulnerabilities across core state functions.
The exercise was conducted based on the IMF’s 2018 framework for Enhanced Engagement on Governance.
Source: UGC
Which govt agencies were assessed?
The IMF assessed government departments dealing in public financial management (including procurement), expenditure policy, tax policy, and revenue administration.
Others engaged are those dealing in the mining sector, market regulation, rule of law, Central Bank governance and operations, financial sector oversight, and anti-money laundering/combating the financing of terrorism.
The team engaged with Kenya’s anti-corruption and oversight institutions to discuss the effectiveness of legal and institutional frameworks in reducing macro-economically critical corruption vulnerabilities.
The mission also met members of Kenya’s National Assembly, civil society, the private sector, business associations, and international development partners to gather perspectives on governance challenges and anti-corruption efforts.
When will IMF release corruption report?
The Bretton Woods institution acknowledged the cooperation it received from Kenyan authorities and stakeholders.
The team promised to continue with collaboration over the next several months.
IMF promised to hand in a draft report with findings and recommendations before the end of 2025.
Kenya signs anti-money laundering law
The announcement came after President William Ruto assented to the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill 2025.
The head of state said the new law will cement Kenya's position as the region's leader in financial integrity.
Ruto signed the law after the European Commission put Nairobi on its watchlist.
He said the new act cements Kenya's position as the leader in East Africa's financial integrity and regulatory reforms.
The president said the law also seals gaps that facilitate illicit financial flows via property transactions and the use of shell companies.
Proofreading by Mercy Nyambura, copy editor at TUKO.co.ke.
Source: TUKO.co.ke
