IMF staff coming to town as Kenya seeks additional loans
President William Ruto during a meeting with IMF Managing Director Kristalina Georgieva in Sharma El-Sheikh, Egypt. IMF research shows Kenya, the third-largest Sub-Saharan African economy, may be relegated to fifth by Angola and Ethiopia.
International Monetary Fund (IMF) staff will visit Kenya from September 25 to October 9 to begin talks with the government on a possible IMF-backed programme, the Fund said on Wednesday.
The country’s $3.6 billion (Sh465.1bn) programme with the IMF expired in April and officials, including the governor of the central bank Kamau Thugge, have expressed interest in getting a new one that will include a lending component.
