IMF now says Kenya can access Sh150b subject to “policy understandings”

Christine Madeleine is the Managing Director (MD) of the International Monetary Fund

NAIROBI, KENYA: Kenya continues to access resources from International Monetary Fund (IMF) but subject to policy understandings, the Fund official has said.

In a statement sent to newsrooms, International Monetary Fund Resident Representative in Nairobi, Jan Mikkelsen, said the standby credit facility had not been reviewed earlier in June and December 2017 as expected following protracted discussions between Kenya and IMF officials on the need for stronger fiscal policies.