IMF Reaches Staff-Level Agreement with Kenya on Seventh …
Jun 10, 2024 · IMF and the Kenyan authorities have reached a staff-level agreement on a set of comprehensive policies and reforms needed to complete the seventh reviews of Kenya’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements and the second review under the Resilience and Sustainability Facility (RSF) arrangement.
IMF board approves Kenya's reviews, unlocking access to $606 …
Oct 30, 2024 · The executive board of the International Monetary Fund has approved the seventh and eighth reviews of Kenya's program, the IMF said on Wednesday, paving the way for the cash-strapped...
IMF approves $606 million disbursement for Kenya: What you …
31 October 2024 07:00 AM. The IMF has approved a $606 million disbursement to support Kenya's economic stability and climate resilience amid fiscal challenges and revenue shortfalls. Treasury CS John Mbadi with IMF Representative in Kenya Selim Cakir on August 14, 2024. The International Monetary Fund (IMF) has approved a combined disbursement ...
IMF Executive Board Concludes the Seventh and Eighth Reviews …
Oct 30, 2024 · The EFF/ECF arrangements aim to support Kenya’s program to address debt vulnerabilities while safeguarding resources for priority social and developmental needs; build resilience to shocks; improve governance and transparency; and support broader economic reforms to realize the country’s medium-term potential.
IMF Recommends Three Key Tax Reforms for Kenya After …
The International Monetary Fund (IMF) has released its Staff Report following the conclusion of the seventh and the eighth reviews of Kenya’s $3.6 billion program. This comes after IMF in a ...
What do the IMF and foreign debt have to do with Kenya’s …
Jul 7, 2024 · Kenya will now likely have to submit a new revenue plan to the IMF, analysts said. On Friday, Ruto announced new austerity measures expected to fill the gap caused by the withdrawn tax bill.
IMF Reaches Staff Level Agreement with Kenya on the Fifth …
May 23, 2023 · IMF staff and the Kenyan authorities have reached staff-level agreement on economic policies and reforms to conclude the fifth reviews of Kenya’s ECF and EFF arrangements; extension of the program and augmentation of access under those arrangements; and reforms for access under a 20-month Resilience and Sustainability Facility.
Kenya gets additional $938 mln from IMF, soothing nerves
Nov 16, 2023 · The International Monetary Fund has reached a staff-level agreement with Kenya, unlocking immediate access to a $682.3 million tranche and boosting the current lending programme by $938...
Kenyan Leader’s Economic Adviser Cautions Against More IMF Aid
Nov 6, 2024 · Kenya signed a four-year, $3.6 billion financing deal with the IMF amid the Covid-19 pandemic in 2021. That program expires in April and both Kenya’s Treasury and an IMF head of mission in the ...
Kenya fulfilled all targets in IMF review, central bank governor …
Oct 24, 2024 · Kenya agreed to a four-year loan with the IMF in 2021, and has also signed up for climate change lending, taking its total loan access with the Fund to $3.6 billion.