×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Kenya discussing a new standby credit facility with IMF

IMF
Treasury Cabinet Secretary Henry Rotich. [Photo:File]

NAIROBI, KENYA: Kenya is discussing a new standby credit facility with the International Monetary Fund after the expiry of a previous programme last year, the institution’s representative to Nairobi said on Tuesday.

The $989.8 million arrangement expired last September after the government failed to meet the fund’s conditions for an extension, including the repeal of a cap on commercial lending.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in