Kenya omitted funding from the IMF in the budget starting July in the wake of uncertainty whether fresh talks could unlock multi-billion shillings loans.
By
Kepha Muiruri
Business Reporter
Nation Media Group
President William Ruto and International Monetary Fund (IMF) Managing Director Kristalina Georgieva have held talks in Nairobi in the race to unlock a new funding before July.
The government’s fiscal planning has entered a precarious holding pattern after talks between President Ruto and IMF Managing…
Kenya requested a new IMF programme after its previous $3.6 billion deal ended in April last year on the back of failure to meet…
Without Kenya's consent, the report stays secret. And without the report's completion, there is no new IMF programme.
The Ruto administration has resorted to Bretton Woods amid mounting public debt and fiscal pressures.
The World Bank has approved a $750 million (Sh97.1 billion) loan to Kenya to support budget financing and reforms, offering…
The lender has demanded that Kenya address its budget shortfall by introducing new taxes and reducing spending.
