Kenya to IMF; employers overstated job loss figures

international monetary fund imf


The Standard | by Dominic Omondi


Top officials at the National Treasury and Central Bank of Kenya told the International Monetary Fund (IMF) that the high unemployment numbers given by employers were false.

In what is likely to fuel tension, the government told the Washington-based institution that employers and manufacturers might have taken advantage of the Covid-19 Pandemic to exaggerate the negative economic impact.

“They (Kenyan authorities) pointed to the high level of uncertainty and difficulties in capturing recent developments in economic statistics as traditionally compiled…

Read more…

international monetary fund imf


LEAVE A REPLY

Please enter your comment!
Please enter your name here