The International Monetary Fund (IMF) announced on Friday that its staff visit to Kenya reviewed the country’s latest macroeconomic developments and discussed key reforms that could set the stage for a new financial programme.
In a statement, the IMF highlighted that policy priorities focused on strengthening fiscal policy credibility, ensuring the sustainability of public finances and debt, and mitigating fiscal, financial, and external sector risks.
The Fund added that discussions with Kenyan authorities would continue during the upcoming IMF Annual Meetings.
Kenya’s previous $3.6 billion programme with the IMF expired earlier this year. Some government officials have since expressed interest in negotiating a new deal, potentially with a lending component. Financial analysts note that such an agreement could help the East African nation manage its external debt obligations more effectively.
Source:Africa Publicity
