Antoinette Sayeh

International Monetary Fund (IMF) Deputy Managing Dierctor and Executive Board Acting Chairperson, Antoinette Sayeh.
 

| File | Nation Media Group

IMF disburses Sh44bn to Kenya, condemns corruption

What you need to know:

  • Under the 38-month arrangement, Kenya will borrow $2.34 billion to address debt vulnerabilities, response to Covid-19 and enhancing governance.
  • Among the actions taken by the government in line with its deal with the IMF are a two-year freeze on pay increases for civil servants.

The International Monetary Fund (IMF) has released Sh43.8 billion to Kenya, even as it acknowledged concerns among Kenyans that spending on Covid-19 procurements was riddled with corruption.

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