{"id":27976,"date":"2021-05-18T17:48:54","date_gmt":"2021-05-18T17:48:54","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=27976"},"modified":"2021-05-18T15:39:12","modified_gmt":"2021-05-18T15:39:12","slug":"imf-to-send-ksh-48b-to-kenya","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-to-send-ksh-48b-to-kenya","title":{"rendered":"IMF to Send Ksh 48B to Kenya"},"content":{"rendered":"

Africa-Press<\/a> – Kenya<\/a>. <\/strong><\/span>The International Monetary Fund (IMF) will issue Kenya with Ksh48 billion after the IMF staff and the Kenyan authorities reached an agreement on economic policies in an aid package approved in April.<\/p>\n

A statement issued on Monday, May 17, Mary Goodman who led the IMF team to the country indicated that Kenya met conditions for the US$410 million facility.<\/p>\n

\u201cIMF staff commend the authorities\u2019 decisive policy actions to contain the Covid-19 outbreak. Their actions helped to cushion the blow to the economy and maintained the momentum necessary to advance their economic reform agenda,” reads an excerpt of the statement.<\/p>\n

“With the easing of the third wave of Covid-19 infections compared to high levels seen into April, containment measures have been lifted.<\/p>\n

“The authorities have also launched a Covid-19 vaccination program, and the IMF program is designed to support Kenya\u2019s efforts to accelerate and expand vaccinations,” reads the statement in part.<\/p>\n

The IMF and the Kenyan authorities agreed that the IMF was playing an important role in supporting Kenya\u2019s long-term economic vitality.<\/p>\n

Additionally, it was helping Kenya respond to shocks given the uncertainty about the future path of the pandemic.<\/p>\n

IMF also praised the Kenya authorities for its efforts to increase transparency and fight corruption.<\/p>\n

“Noteworthy is that the authorities continue to push forward with their agenda to increase transparency and fight corruption, they will shortly publish an audit of all COVID-related expenditures in Financial Year 2019\/2020.<\/p>\n

“The authorities\u2019 plan to adopt a common payroll system at the national and county level should help contain spending growth and limit the scope for corruption,” reads the statement.<\/p>\n

In April, IMF approved a $2.34 billion aid package for Kenya.<\/p>\n

The package was to be disbursed over 38 months, under the Extended Credit Facility and the Extended Fund Facility.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. The International Monetary Fund (IMF) will issue Kenya with Ksh48 billion after the IMF staff and the Kenyan authorities reached an agreement on economic policies in an aid package approved in April. A statement issued on Monday, May 17, Mary Goodman who led the IMF team to the country indicated that Kenya […]<\/p>\n","protected":false},"author":84,"featured_media":27975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,16],"tags":[6857,7003,544],"class_list":["post-27976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nIMF to Send Ksh 48B to Kenya - kenya<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund (IMF) will issue Kenya with Ksh48 billion after the IMF staff and the Kenyan authorities ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-to-send-ksh-48b-to-kenya\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF to Send Ksh 48B to Kenya\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund (IMF) will issue Kenya with Ksh48 billion after the IMF staff and the Kenyan authorities ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-to-send-ksh-48b-to-kenya\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-18T17:48:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/05\/img-60a3df7f901f1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-to-send-ksh-48b-to-kenya#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-to-send-ksh-48b-to-kenya\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF to Send Ksh 48B to Kenya\",\"datePublished\":\"2021-05-18T17:48:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-to-send-ksh-48b-to-kenya\"},\"wordCount\":303,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-to-send-ksh-48b-to-kenya#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/05\/img-60a3df7f901f1.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-to-send-ksh-48b-to-kenya#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-to-send-ksh-48b-to-kenya\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-to-send-ksh-48b-to-kenya\",\"name\":\"IMF to Send Ksh 48B to Kenya - 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