Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Kenya requests extension of IMF standby loan
From right: Treasury Cabinet Secretary Henry Rotich, Treasury's director of budget Geoffrey Mwau and IMF Mission Chief Kenya Benedict Clements at a past event. FILE PHOTO | SALATON NJAU | NMG
Kenya has requested for a six month extension to the Sh150 billion IMF standby facility that is due to expire next week pending a completion of scheduled reviews of the programme, the Bretton Woods institution has said.
An IMF review team has been in the country for the past three weeks, conducting the 2018 Article IV consultation and holding discussions on continued IMF support to Kenya with senior officials from the Treasury, Central Bank, MPs, civil society members and the private sector. They also met President Uhuru Kenyatta.
