February 17, 2021

Africa

KENYA: IMF deal heralds return to international debt markets

BY Malte Liewerscheidt, Anne Frühauf

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( 5 mins) Reforms under Kenya’s three-year USD 2.4bn deal with the International Monetary Fund (IMF) face political constraints. The Treasury’s fiscal consolidation strategy seems slow but may be gambling on a strong economic recovery and leeway provided by continued pandemic uncertainty. In fact, the IMF program could be an ideal precondition to underpin Nairobi’s pending return to […]

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