Kenyan Wall Street | by Jackson Okoth
The International Monetary Fund (IMF) has agreed to fund the next phase of Kenya’s COVID-19 response. The IMF team made this disclosure after concluding its virtual Mission to Kenya, which took place between October 27th to November 17th, 2020.
Kenya has been negotiating with the IMF on a 3½ year Extended Fund Facility (EFF)/Extended Credit Facility (ECF) arrangement.
“Technical work will continue in the period ahead, with a view to reaching agreement on a program that could…