Treasury asks IMF for Sh75 billion to stem currency slide

Mr Kenyatta also announced that the fight against Al-Shabaab would continue to ensure security and protect tourism revenues, laying a foundation for sustained growth.
“We will use the resources already allocated in the Budget,” said the minister.

In the event that the need arises, the Treasury will look into the matter of further expenditures. He also said the Treasury will conduct an internal audit on how the funds for the Kazi kwa Vijana programme that was funded by the World Bank were spent.

The World Bank has cancelled further funding of the initiative after it found that Sh33 million may have been lost through the office of the Prime Minister.

Public Accounts Committee chairman Boni Khalwale said on Tuesday that the committee would question Prime Minister Raila Odinga, who denies any wrong doing, over the alleged loss of funds.

girungu@ke.nationmedia.com