8 January 2014

Kenya: IMF Chief Pledges More Cooperation With Kenya

Nairobi — VISITING International Monetary fund Managing Director, Christine Lagarde, pledged her organisation's commitment to partner with the country in order to foster economic growth.

“I am impressed with the efforts of the Kenyan government and people to advance their country's success as a frontier economy, and am confident in Kenya's continued progress.

"The IMF has always been Kenya's steadfast partner—and will remain so into the future,” said Lagarde at the conclusion of her visit to the country.

The IMF boss said her discussions with government officials were fruitful and she congratulated the President and his government for what she called the “remarkable progress made over the last few years.”

“Kenya's economic conditions have continued to improve thanks to a far-reaching reform agenda,” said Lagarde.

She lauded the country's reform process including the adoption of a new constitution in the year 2010.

“While recognizing this progress, we agreed that it will be important to continue to implement the reform agenda to bring the economy to middle-income status within the next decade,” the IMF leader added.

She counseled that sustained and even more inclusive growth that creates jobs is essential to ensure that all Kenyans can benefit.

She emphasized the importance of careful completion of fiscal devolution, closing of infrastructural gaps and continuation of regional integration.

Lagarde, who met President Uhuru Kenyatta during her three-day visit, also held talks with parliamentarians, civil society organizations, women leaders, and the private sector.

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