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KENYA: IMF deal heralds return to international debt markets

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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 unce...

 

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KENYA: IMF deal heralds return to international debt markets

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