IMF Reaches Staff-Level Agreement with Kenya on Seventh …
WEBJun 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 reconsiders loan terms for Kenya as court blocks reforms
WEB4 days ago · The IMF indicated it is closely monitoring the situation and engaging with Kenyan authorities. A positive outcome from these discussions could prompt the IMF to reconsider the timeline for implementing certain loan conditions. In response to the potential delay of $600m (KSh77.4bn) under the seventh review, “no date has been confirmed for …
What do the IMF and foreign debt have to do with Kenya’s …
WEBJul 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 On Friday, Ruto announced new austerity measures expected to fill the gap caused by the withdrawn tax bill.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 …
WEBMay 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 …
IMF Statement on Kenya
WEBJun 26, 2024 · The IMF is closely monitoring the situation in Kenya. Our main goal in supporting Kenya is to help it overcome the difficult economic challenges it faces and improve its economic prospects and the well-being of its people.
IMF reaches staff level agreement with Kenya, urges fiscal ...
WEBJun 11, 2024 · Kenya has reached a staff level agreement with the International Monetary Fund on Tuesday, the organisation said, paving the way for the disbursement of about $976 million.
Kenya gets additional $938 mln from IMF, soothing nerves
WEBNov 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...
IMF staff, Kenya reach agreement on over $1 bln of new financing
WEBNAIROBI, May 23 (Reuters) - International Monetary Fund staff and Kenya have reached an agreement that could unlock more than $1 billion of new financing, which could help relieve pressure on...
IMF / IMF Executive Board Completes Fourth Reviews of EFF and …
WEBDec 19, 2022 · The IMF Executive Board completed today (Monday, Dec. 19, 2022) the Fourth reviews of the Extended Fund Facility and Extended Credit Facility arrangements with Kenya, providing the country with access to about $447.9 million.
IMF Staff in Kenya to Weigh Economic Fallout of Tax Protests
WEBSep 12, 2024 · An International Monetary Fund team is in Kenya to gauge the economic impact of a recent court ruling on tax measures and an expanded budget deficit that threw off course a $3.6 billion financing...