• About
  • Advertise
  • Contact
Sunday, June 1, 2025
Manhattan Tribune
  • Home
  • World
  • International
  • Wall Street
  • Business
  • Health
No Result
View All Result
  • Home
  • World
  • International
  • Wall Street
  • Business
  • Health
No Result
View All Result
Manhattan Tribune
No Result
View All Result
Home Business

Kenya and the IMF show talks on a new financing program economy

manhattantribune.com by manhattantribune.com
17 March 2025
in Business
0
Kenya and the IMF show talks on a new financing program economy
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The International Monetary Fund and Kenya intend to discuss a new lending program, and they also agreed to cancel the ninth review of the current loan of $ 3.6 billion.

Kenya needs continuous support to maintain its economy on the right track after the high costs of debt service as a result of the expansion of borrowing during the past decade.

“The Kenyan authorities and the International Monetary Fund team have reached an understanding to cancel the ninth review under two programs to facilitate the extension fund and the existing credit facilitation,” said the head of the Haymanot Tiffira Monetary Fund Mission – at a statement issued at the end of the visit to Nairobi.

Official request

She added that the International Monetary Fund had received an official request from the Kenyan government on a new financing program.

The current program started in April 2021, and it was scheduled to end next month, but its implementation was broken due to the bloody protests against the increase in public taxes and the dispute over a new loan from the Emirates.

Finance Minister John Malawadi said last month that the government would seek a funding program.

The IMF stated that, according to the current lending program, it was approved to exchange $ 3.12 billion until the end of next October.

The Ministry of Finance data shows that the total value of the debt to the gross domestic product in Kenya amounted to 65.7% by June 2024, which is much higher than the level of 55%, which is a sustainable rate.

Tags: economyfinancingIMFKenyaprogramshowtalks
Previous Post

Why is the rich rushing to leave Britain? | economy

Next Post

The New Testament government in Lebanon .. broad hopes facing economic and political challenges economy

Next Post
The New Testament government in Lebanon .. broad hopes facing economic and political challenges economy

The New Testament government in Lebanon .. broad hopes facing economic and political challenges economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Category

  • Blog
  • Business
  • Health
  • International
  • National
  • Science
  • Sports
  • Wall Street
  • World
  • About
  • Advertise
  • Contact

© 2023 Manhattan Tribune -By Millennium Press

No Result
View All Result
  • Home
  • International
  • World
  • Business
  • Science
  • National
  • Sports

© 2023 Manhattan Tribune -By Millennium Press