The East African | by James Anyanzwa
The International Monetary Fund (IMF) is pushing for controlled spending and restructuring of loss-making state corporations to protect Kenyan government revenues and reduce persistent budget deficits.
The fund, which is planning to release $244 million “in the coming weeks” to finance the country’s budget, said tight control of spending and a medium-term revenue strategy that is under development will help anchor deficit reduction in the years ahead…
