Election gamble: Why Ruto is defying IMF as funding hangs in the balance


President William Ruto addresses Rarieda residents during the thanksgiving ceremony of Health PS Ouma Oluga in Siaya County, on March 8, 2026. [Rodgers Otiso, Standard] 


President William Ruto’s government is resisting International Monetary Fund (IMF) demands for a painful debt restructuring, sources familiar with the negotiations told The Financial Standard, setting the stage for a high-stakes confrontation with the global lender of last resort just 18 months before a general election.

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