Kenyan Leader’s Economic Adviser Cautions Against More IMF Aid
- East African nation’s economy has turned the corner, Ndii says
- Kenya’s IMF program ends in April; talks on new one have begun
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Kenya’s economy is on the mend and the country is unlikely to need further assistance from the International Monetary Fund, according to the head of President William Ruto’s economic council.
Kenya signed a four-year, $3.6 billion financing deal with the IMF amid the Covid-19 pandemic in 2021. That program expires in April and both Kenya’s Treasury and an IMF head of mission in the country have confirmed that talks about a new one have begun.