IMF warns Kenya against let-up in ‘bitter-pill’ reforms

HaimanotTeferra

IMF Mission Chief to Kenya Haimanot Teferra. PHOTO | POOL

A let-up in the ongoing ‘bitter pill’ economic reforms could backfire and erode investor confidence, the International Monetary Fund(IMF) has warned as it urged the State to press on with the fiscal restructures.

The multilateral lender said any slip-up on Kenya’s “market and rules-based economy” reforms would have negative implications on the forex market.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.