Sharp Daily
No Result
View All Result
Sunday, August 31, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

IMF set to approve KES 109 billion to Kenya

Brenda Murungi by Brenda Murungi
January 15, 2024
in News
Reading Time: 2 mins read

The International Monetary Fund (IMF) is set to convene on Wednesday to conclude the sixth review of its arrangement with Kenya, with a key agenda item being the decision on disbursing additional funds to the country.

Acknowledging the resilience of Kenya’s economy, the IMF has expressed concerns regarding uncertainties surrounding the nation’s ability to meet the bullet payment, deeming it a potential downside risk.

A delegation from the IMF, headed by Haimanot Teferra, conducted discussions in Nairobi from October 30 to November 15 of the previous year regarding the pending reviews. Teferra stated, “Despite continued commitment to the implementation of the IMF-supported economic program, uncertainty hangs over Kenya’s effective access to international bond markets.”

The IMF is anticipated to transfer KES 109 billion, encompassing the expansion of resources under the Extended Fund Facility (ECF) and Extended Credit Facility (ECF), along with the first review of the Resilience Sustainability Facility (RSF). The approval of these additional funds would bring the total financial support disbursed by the IMF under the arrangements to Sh427 billion ($2.68 billion).

RELATEDPOSTS

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

The injection of fresh resources from the IMF holds significant importance for Kenya as it strives to successfully navigate the maturity of its inaugural Eurobond in June, especially given challenges in accessing the international capital markets.

The proceeds generated from the disbursement will play a crucial role in strengthening Kenya’s foreign exchange reserves, providing the government with the means to meet the maturation of the KES 319 billion ($2 billion) Eurobond due in June.

Previous Post

LSK President Theuri dares Gachagua to provide evidence of JSC corruption

Next Post

Kenya excluded in top 20 fastest growing economies in 2024 as Uganda, Tanzania make it

Brenda Murungi

Brenda Murungi

Related Posts

News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025

LATEST STORIES

The Importance of Including Pension Plans in Corporate Benefits Packages

August 29, 2025

The informal labor market and classical unemployment in the Kenyan context

August 28, 2025

Kenya’s Eurobond yields ease after S&P rating upgrade

August 28, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024