IMF Reaches Staff-Level Agreement with Kenya on Seventh …
WEBJun 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.
What do the IMF and foreign debt have to do with Kenya’s …
WEBJul 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 On Friday, Ruto announced new austerity measures expected to fill the gap caused by the withdrawn tax bill.
IMF Reaches Staff Level Agreement with Kenya on the Fifth …
WEBMay 23, 2023 · IMF staff and the Kenyan authorities have reached staff-level agreement on economic policies and reforms to conclude the fifth reviews of Kenya’s ECF and EFF arrangements; extension of the program and augmentation of access under those arrangements; and reforms for access under a 20-month …
IMF Executive Board Completed the Fifth Reviews of Kenya’s …
WEBJul 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.
Exclusive: Kenya president spoke to IMF chief after pulling tax …
WEBJul 4, 2024 · Kenyan President William Ruto spoke by phone with International Monetary Fund chief Kristalina Georgieva in the days after he withdrew $2.7 billion in proposed tax hikes in response to deadly...
IMF Reduces Kenya’s Funding Program Size in Latest Review
WEBJun 11, 2024 · The IMF reached a staff-level agreement which cut Kenya’s access under two credit facilities to 2.71 billion special drawing rights ($3.6 billion) from 2.93 billion SDRs agreed in November, the...
IMF staff, Kenya reach agreement on over $1 bln of new financing
WEBNAIROBI, May 23 (Reuters) - International Monetary Fund staff and Kenya have reached an agreement that could unlock more than $1 billion of new financing, which could help relieve pressure on...
Kenya gets additional $938 mln from IMF, soothing nerves
WEBNov 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...
IMF reconsiders loan terms for Kenya as court blocks reforms
WEBSep 30, 2024 · The IMF indicated it is closely monitoring the situation and engaging with Kenyan authorities. A positive outcome from these discussions could prompt the IMF to reconsider the timeline for implementing certain loan conditions. In response to the potential delay of $600m (KSh77.4bn) under the seventh review, “no date has been confirmed for …
IMF / IMF Executive Board Completes Fourth Reviews of EFF and …
WEBDec 19, 2022 · The IMF Executive Board completed today (Monday, Dec. 19, 2022) the Fourth reviews of the Extended Fund Facility and Extended Credit Facility arrangements with Kenya, providing the country with access to about $447.9 million.
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