Kenya will resume talks with the International Monetary Fund next week in Washington on a potential new programme, Central Bank Governor Kamau Thugge said Wednesday. The discussions follow the expiry earlier this year of Kenya’s USD 3.6 billion IMF programme, with officials seeking a new arrangement that includes a lending component. “The discussions will continue next week when we go to Washington, and of course, we hope to reach agreement on our funded programme as soon as possible,” Thugge said at a press conference. Analysts say a fresh IMF loan deal would help Kenya manage its external debt repayments and strengthen financial stability amid ongoing fiscal pressures.
Reprinted from tradingeconomics，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now