NairobiWire.com
Kenya and the International Monetary Fund (IMF) have agreed to begin formal talks on a new lending program, scrapping the ninth review of the current $3.6 billion loan agreement. The government is seeking continued financial support to stabilize the economy after rising debt-servicing costs strained its finances following years of heavy borrowing…
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Kenya Races for New IMF Loan as Debt-to-GDP Ratio Hits 65.7%
Richard Kamau
14:19
Kenya and the International Monetary Fund (IMF) have agreed to begin formal talks on a new lending program, scrapping the ninth review of the current $3.6 billion loan agreement. The government is seeking continued financial support to stabilize the economy after rising debt-servicing costs strained its finances following years of heavy borrowing…
