The board of the International Monetary Fund (IMF) has approved waivers for non-observance of its revenue raising conditions accompanying its loans to Kenya, after the widespread protests in June forced the government to abandon new tax measures.
The multilateral lender on Wednesday released $606 million (Sh78.3 billion) to support the government budget for the current financial year, despite Kenya’s failure to meet set targets by the end of 2023 and June 2024.
