Kenya Seeks New IMF Loan Programme After Previous Deal Collapses
2025-03-24
Reuters
Kenya has applied for a new lending programme from the International Monetary Fund (IMF) to utilise unused funds from the previous programme, which was abandoned last week. According to Finance Minister John Mbadi, this move aims to support the country's economic growth and stability. The new programme is expected to provide Kenya with access to additional financial resources, promoting economic development and recovery. With the IMF's assistance, Kenya can navigate its economic challenges and achieve long-term financial stability. Key factors such as economic growth and financial stability will be crucial in the programme's success.
