Browsing Tag
IMF
World Bank, IMF loans more than double to a record 43.3pc of foreign credit
The share of loans provided by the World Bank and the International Monetary Fund more than doubled to a record 43.3 percent of foreign loans, strengthening the hands of the two institutions in influencing economic policy in Kenya.…
IMF, World Bank split on Kenya Power monopoly
The IMF and World Bank have disagreed over the push to end Kenya Power's monopoly on selling electricity to homes and businesses.
The International Monetary Fund wants Kenya to speed up regulations that would allow other companies to…
Tax pain signal in new Sh78bn IMF loan deal
Kenyans are facing more tax pain after the International Monetary Fund (IMF) cited the need for higher revenues as a condition for its multi-billion dollar loan facility for the country.
The International Monetary Fund says Kenya…
IMF approves Sh78.3 billion loan to Kenya
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of a 78.3 billion shillings ($606.1 million) loan to Kenya, opening the way for new financing for the country following a lengthy review of the…
IMF slashes Israel growth forecast
Israel's post-war economic recovery will take longer than many in the country think, according to forecasts in the International Monetary Fund's latest World Economic Outlook report. The International Monetary Fund…
Kenya eyes Sh113bn mega IMF loan disbursement
Kenya expects to receive Sh113 billion in the next tranche of loans from the International Monetary Fund (IMF) after making progress in protracted talks that delayed financing from the multilateral lender after new tax measures were…
IMF urges Rachel Reeves to raise taxes and rein in spending to stabilise UK public finances
The International Monetary Fund has called on Chancellor Rachel Reeves to introduce tax rises and tighten government spending in the next budget, warning that delaying such measures could worsen the UK's fiscal problems.
In a…
Kenya eyes UAE-backed Sh193bn debt as IMF delays
Kenya has turned to $1.5 billion (Sh193.8 billion) in UAE-backed bonds in the wake of faltering IMF financing to plug the country's financing shortfall as UAE royals seek wider influence in Africa. .
The UAE will guarantee the bonds…
Kenya, IMF fallout deepens as State firms’ sale blocked
A Supreme Court ruling declaring the Privatization Act 2023 unconstitutional appears set to further complicate Kenya’s efforts to secure more than Sh77.5 billion in fresh funding from the International Monetary Fund.
The IMF had partly…
