Kenya and IMF agree to start formal talks on new lending programme

World
Monday, 17 Mar 2025
1:34 PM MYT

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., U.S., November 24, 2024. REUTERS/Benoit Tessier/File Photo

NAIROBI (Reuters) - Kenya and the International Monetary Fund will discuss a new lending programme for the East African nation, as both sides agreed to abandon a ninth review of the current $3.6 billion loan.

Kenya needs continued support to keep its economy on track after its debt-servicing costs surged due to a borrowing spree over the past decade.

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Kenya and IMF agree to start formal talks on new lending programme

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