IMF approves extension of a Sh151Bn precautionary facility
1 weeks ago, 14:42
MF says the extension will allow time to complete the outstanding reviews which were delayed due to a prolonged election period.
IMF is keen to see the implementation of policies that will reduce the fiscal deficit and substantially modify interest controls.
The Deputy Managing Director of IMF's Executive Board Min Zhu, had said that despite the recent growth record, Kenya's economy remains vulnerable to shocks the need for precautionary arrangements that will provide stability for continued macroeconomic reform.
Category: business finance