Kenya stares at an economic crisis as date with IMF looms

President Uhuru Kenyatta with Christine Lagarde, IMF Managing Director. Treasury has to chose between respecting deal with the Fund on petroleum tax or backing out. [Courtesy]

The Government has found itself in a delicate position, balancing between keeping its commitments to international donors and caving in to the public interest.

Two days from today, Kenya might find itself on a path to financial ruin should the International Monetary Fund (IMF) lock it out of a Sh100 billion precautionary credit facility.