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Treasury refutes Controller of Budget report on costly loans

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The National Treasury has termed remarks by the Controller of Budget that some of the loans taken from the International Monetary Fund (IMF) and...

South Sudan debt distress risk remains high-IMF

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The International Monetary Fund (IMF) expects South Sudan risk of debt distress to remain high amid challenges rising from conflicts in Sudan, declining humanitarian...

Treasury freezes plans for new eurobond after World Bank, IMF rescue 

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Kenya is unlikely to float a new bond on the international market in the medium term after getting fresh funding commitments from multilateral lenders. National...

Kenya seeks $1B budgetary support from multilateral lenders

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Kenya plans to borrow up to Ksh 148.5 billion ($1B) from international lenders before the end of this year to finance FY2023/24 budget. Central Bank...

Adopition of Marrakech Declaration key solution to Africa financing challenges

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The High-Level Ministerial Meeting on Accelerating the Financing of Africa's Emergence, held on Thursday, on the sidelines of the WB-IMF Annual Meetings, resulted in...

Kenya backs increased IMF quotas to support developing countries

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Kenya has called on the International Monetary Fund (IMF) to increase its quotas to all members as a means of strengthening the institution in...

Marrakech will host this year’s IMF-World Bank annual meetings

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The famous tourist city of Marrakech in Morocco will host this year’s International Monetary Fund (IMF)-World Bank annual meeting, set for 9th till 15th...

World-leading economists set out crucial next steps to reform international climate...

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A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has delivered consensus on the key next steps needed...

Travel recovery to boost global economy, says IMF

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The International Monetary Fund (IMF) increased its forecast of how much the global economy will grow this year to 3%. The 0.2% improvement from April's...

IMF approves Ksh 136B loan for Kenya

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Kenya will receive an immediate disbursement to the tune of Ksh 58.6 billion from the International Monetary Fund (IMF) to meet its budgetary expenses. This...

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