Crucial: IMF team flies into Nairobi as State tightens spending

IMF Chief of Mission to Kenya Ben Clements with National Assembly Budget and Appropriations Committee Chairman Kimani Ichung’wa when an IMF team visited Parliament in February. Another team is in Kenya to assess financial performance. [File, Standard]

A team from the International Monetary Fund (IMF) is in the country for a crucial meeting that will determine the fate of the Sh150 billion credit facility aimed at supporting the Kenya Shilling.

The visit comes even as Treasury drags its feet on approving the publication of an IMF staff report on the performance of the country’s economy in the three months to June.