IMF slaps tough terms on Kenya loan offer

National Treasury

The National Treasury building in Nairobi.

Photo credit: File | Nation Media Group

What you need to know:

  • The IMF, in its letter, pointed to the need for structural and governance reform for State Owned Enterprises.
  • The IMF says its stringent conditions would help stabilise the economy.

The government is in urgent need of cash for its annual budget support and will therefore have to implement tough conditions imposed by international lending institutions, Treasury Permanent Secretary Julius Muia has said.

Welcome!

You're all set to enjoy unlimited Prime content.