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 $237 million to reinforce Kenya's poverty fight. According to the report, the IMF said the country's economy is growing strongly, despite being ...
According to the IMF, Kenya’s reliance on traditional market regulations has left its crypto sector exposed to rising cases of scams and other illicit activities. The report pointed out that existing laws have limited authority over digital assets, resulting in regulatory uncertainty. The IMF furthe...
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rates and real-time tax collections, there are concerns that the Finance Act 2023 sets Kenya on a trajectory of high cost of living where the gap between the rich and the poor will continue to significantly widen- as most of the proposed tax reforms are not progressive,” adds the ...
Jason Wu and Nassira Abbas lead the IMF’s work on financial stability. In this podcast, they say while the near-term risks appear contained, medium-term prospects remain a concern. Transcript: https://bit.ly/48cGMyV Read the full report at IMF.org/GFSR...
The International Monetary Fund (IMF) now wants a new board of directors to be appointed to run Kenya Power as it extends its tentacles into the day-to-day management of the Kenyan economy, Business Daily reported. According to the pre-agreed plan with the government, the number of slots ...
International Monetary Fund(IMF) has allocated US$ 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...
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
CFTC chair’s exit, Russia’s Bitcoin seizure, Kenya’s IMF warning: Law Decoded Jan 13, 2025 byJosh O'Sullivan Rostin Behnam exits the US CFTC and calls for stronger regulation, Russia confiscates $10 million in Bitcoin and the IMF advises Kenya on crypto regulations. ...