IMF Reaches Staff-Level Agreement with Kenya on ...
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 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 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 Completed the Fifth Reviews of ...
Jul 17, 2023 · The IMF Executive Board completed the fifth reviews under EFF/ECF arrangements for Kenya, allowing for an immediate disbursement equivalent to SDR306.7 million (about US$415.4 million). This includes SDR81.4 million (about US$110.3 million) from augmentation of access.
IMF Board Approves Kenya's Reviews, Unlocking Access to $606 …
Oct 30, 2024 · NAIROBI (Reuters) - 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...
IMF says assessing recent Kenya developments as part of …
Jul 11, 2024 · The International Monetary Fund said on Thursday it is assessing recent developments in Kenya and program reviews are an opportunity to adjust, following deadly protests that culminated in the...
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...
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.
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.