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Corruption delays release of IMF funds, fact-finding mission reveals

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When President William Ruto held a meeting with the IMF Managing Director, Kristalina Georgieva on the sidelines of COP27 in Sharma El-Sheikh, Egypt. [PCS]

The International Monetary Fund (IMF) has confirmed that governance concerns by the Kenya Kwanza administration are central to the delays in releasing funds to the Kenyan government under its financial programme.

During a fact-finding mission between September 11 and 16 this year, IMF staff assessed Kenya's situation to chart the way forward.

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