Kenya heads into fifth review as IMF firms grip on economic policy

DnEconomicSurvey0909

International Monetary Fund Resident Representative, African Department Tobias Rasmussen at a past function. FILE PHOTO | JEFF ANGOTE | NMG

Ahead of the fifth review of its multi-year arrangement with Kenya on Monday, the International Monetary Fund (IMF) has already positioned itself as a key shaper of the country’s monetary and fiscal policies.

From the increase of contributions to the National Social Security Fund to new taxes, elimination of fuel subsidies and even the expansion of the affordable housing project, the global lender has had a hand in recent policy pronouncements by the Kenya Kwanza administration.

PAYE Tax Calculator

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