Treasury Cabinet Secretary John Mbadi is leading a high-level delegation from the country at the 2024 IMF/World Bank Annual Meetings happening in Washington, D.C.
The meetings which commenced October 21 concludes Saturday.
Central Bank of Kenya (CBK) Governor Kamau Thugge, Principal Secretary Chris Kiptoo among other senior officials from both institutions are part of the team.
The meetings will serve as a key platform for the delegation to engage with global leaders on urgent economic issues, including financial stability, poverty alleviation, and sustainable development.
The gathering's theme “Delivering with Ambition”, the reasonates with the country's ongoing economic recovery marked by declining inflation, stable exchange rate and steady growth in Gross Domestic Product (GDP).
The delegation aims to leverage this opportunity to build on these gains and seek international support to further advance the government's bottom-up agenda focusing on inclusive growth and economic empowerment for all Kenyans.
Since taking office just over 50 days ago, Mbadi has outlined his commitment to transforming Kenya’s economy through key fiscal reforms, infrastructure development, and sustainable growth initiatives.
“These meetings present an opportunity to forge strategic partnerships and access financial resources that are critical for continuing Kenya’s economic recovery and sustained growth, said Mbadi
"We expect to share with our development partners Kenya’s recent successes in maintaining low inflation and supporting growth," he added.
Beyond the main sessions, the Kenyan delegation will participate in a series of side meetings with international financial institutions, development partners, and other stakeholders.
These discussions will address issues such as climate finance, debt sustainability, green energy investments, and post-pandemic recovery strategies.
The side meetings are considered vital for advancing Kenya’s economic and developmental agenda, aligning with global trends, and securing necessary financial support.
“Engaging in these side discussions is crucial for Kenya’s long-term development, particularly in securing climate financing and advancing infrastructure projects that are essential to our continued economic growth,” noted Kiptoo.
The IMF-World Bank Annual Meetings provide a global platform for Kenya to strengthen its international partnerships and position itself as a leader in sustainable development.
The Kenyan delegation will also review ongoing IMF and World Bank-supported programs, focusing on poverty reduction, infrastructure expansion, and economic reform.
With a packed schedule, the delegation faces a busy week of high-level discussions aimed at driving Kenya's economic transformation agenda, reflecting the government's focus on inclusive growth and resilience amid global economic challenges.