The IMF caution clashes with recent pronouncements by the Treasury and the Central Bank of Kenya (CBK) that rates should be brought down in order to stimulate economic growth and tame the rising non-performing loans in the banking sector. In a country report on Kenya following the seventh ...
The article reports on the fulfillment of the International Monetary Fund's (IMF) disbursement of funds to Kenya. In totality, the IMF paid out $237 million to reinforce Kenya's poverty fight. According to the report, the IMF said the country's economy is growing strongly, despite being ...
In the case of Kenya, the country is in a multi-year arrangement with the IMF since April 2021 that is aimed at protecting the fiscal space and creating a conducive environment for private sector investment to boost economic growth. To comply with the programme’s conditions, which encom...
The IMF advised Kenya to engage with international regulators to manage risks posed by global crypto exchanges operating in the country. Cross-border cooperation, the report stated, would help enhance enforcement efforts and provide better oversight of international crypto activities. Kenyahas been a le...
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William Ruto has pledged to cut Kenya’s public debt by reducing borrowing, and boost state revenue to help bridge the East African country’s financing gap. However, mounting pressures keep pushing the government to take out more loans, making it harder
Driving Change: Rose Ngugi on how Indices are giving Kenya an Edge 0 Dec 4, 2024 Driving Change: Women-Led Development Economics from the Ground Up The International Economic Association’s Women in Leadership in Economics Initiative (IEA-WE) connects women economists worldwide and helps showcase...
The International Monetary Fund (IMF) now wants a new board of directors to be appointed to run Kenya Power as it extends its tentacles into the day-to-day management of the Kenyan economy, Business Daily reported. According to the pre-agreed plan with the government, the number of slots ...
IMF recommended that Kenya overhaul outdated regulations, address scams and align its crypto framework with global standards for financial stability. 13053 News El Salvador's Bitcoin stash hits 6,000 BTC, worth $569M Dec 28, 2024 byBrayden Lindrea ...
International Monetary Fund(IMF) has allocated US$ 737.6 Million worth of special drawing rights (SDRs) to Kenya. This follows an announcement this week by the Fund of $650 Billion, its largest allocation of special drawing rights in history, which makes part of its intervention to combat the...