Kenya is not interested in funding from the International Monetary Fund (IMF) for the months to the end of the financial year in June, buoyed by billions of shillings it has received from the Kenya Pipeline Company's initial public offering (IPO) and issuance of new Eurobonds.
The Treasury says it has adequate funding options for the budget running to the start of the new financial year in July, dodging the painful aid conditions like higher taxes, job freezes and spending cuts associated with the fund.
