Kenya’s access to a $1.5 billion (Sh152 billion) precautionary facility at the International Monetary Fund (IMF) was suspended seven months ago due to non-compliance with fiscal deficit targets, the fund has revealed.
The IMF resident representative in Kenya, Jan Mikkelsen, told agencies on Tuesday that access to the facility has not been available to the government since mid-June, a fact both Treasury and the Central Bank Kenya (CBK) have kept hidden from the public.
