Business Daily | by Otiato Guguyu
Kenya has joined calls for an enhanced International Monetary Fund (IMF) bailout for poor countries that would see the multilateral lender increase special drawing rights (SDRs) limits that would ease the balance of payments for Covid-19 hit economies.
Rich countries have been printing trillions of dollars to support businesses and give residents under lockdown stimulus cheques, but poorer countries have been wary of similar moves on fears that their currencies will depreciate.
However, the Bretton Woods institution allows countries to settle their trade dues with…
