Kenya Reaches Agreement with IMF to Unlock $1.132bn
Kenya Reaches Agreement with IMF to Unlock $1.132bn
IMF and the Kenyan authorities have reached a staff-level agreement on a set of comprehensive policies and reforms needed to complete the seventh reviews of Kenya’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements and the second review under the Resilience and Sustainability Facility (RSF) arrangement.
According to official statement, key policy actions entail corrective measures to safeguard debt sustainability, including measures underpinning the FY2024/25 budget to reverse the impact …