The International Monetary Fund (IMF) executive board is set to decide on fresh funding for Kenya when it meets on October 30, a newly released calendar shows, raising hope for the East African nation hard-hit by the long-delayed disbursement of cash from the multilateral lender.
Kenya anticipates receiving Sh113 billion in the next tranche of loans from the IMF, following a breakthrough in protracted discussions that delayed funding from the Bretton Woods institution after new tax measures contained in the Finance Bill, 2024, were rejected in June.
