State eyes six-month import cover to cushion falling shilling
Kenya is targeting increasing foreign exchange reserves to at least 6.1 months of import cover as it looks to provide a stronger buffer to cushion the shilling against external headwinds going forward.
Kenya is targeting increasing foreign exchange reserves to at least 6.1 months of import cover as it looks to provide a stronger buffer to cushion the shilling against external headwinds going forward.
This has been revealed in details of the Medium-Term Plan 4 covering the period 2023 to 2027, which is the last implementation phase of Vision 2030 whose first medium-term plan spanned 2008 and 2012.
