Kenya to hold follow-up meetings with IMF for new programme

Kenya plans to hold follow-up meetings with the IMF in efforts to secure a new programme, Finance Minister John Mbadi said on Tuesday, and added the government is confident it will agree with the lender on the treatment of securitised debt.

The East African nation, which is seeking new ways to finance infrastructure projects due to sharply rising debt, has turned to securitisation of some revenues and borrowing against them.