Kenya Requests Extension of IMF Standby Loan

Kenya has requested for a six month extension to the $1.5 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.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.