Skip to main content

Economic Update

IMF approves a USD 2.34 billion programs for Kenya
On 2nd April 2021, the International Monetary Fund (IMF) Board approved a 3-year financing program of USD 2.34 billion for Kenya to support the country’s response to Covid-19 and budget support. This comes against a backdrop of increased debt-related vulnerabilities exacerbated by the Covid-19 pandemic.

The aim of the program is to address the nation’s high indebtedness through a multi-year fiscal consolidation effort centered on raising tax collections and controlling spending in order to safeguard the interest of vulnerable groups.

Interested in learning more? Download the Economic Highlights here.

Close Menu