Economics
Kenya in Talks With IMF for Fund Arrangement, Lender Says
The IMF in May approved $739 million under the rapid credit facility to support Kenya’s response to the Covid-19 pandemic.
Photographer: Tony Karumba/AFP via Getty Images
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Kenya is in talks with the International Monetary Fund for a fund arrangement, according to the lender’s resident representative Tobias Rasmussen.
East Africa’s biggest economy has “expressed interest in a fund arrangement” and IMF staff are in discussions with Kenyan authorities “toward such an arrangement,” Rasmussen said in an email response to questions.