{"id":38749,"date":"2021-11-06T16:13:46","date_gmt":"2021-11-06T16:13:46","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=38749"},"modified":"2021-11-06T15:09:01","modified_gmt":"2021-11-06T15:09:01","slug":"why-imf-is-impressed-with-uhuru-to-offer-him-more-loans","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/why-imf-is-impressed-with-uhuru-to-offer-him-more-loans","title":{"rendered":"Why IMF is Impressed With Uhuru, to Offer Him More Loans"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>The International Monetary Fund (IMF) says it has been impressed by the steps taken by President Uhuru Kenyatta over the recent months in terms of development even as the government seeks more grants and loans from the fund.<\/p>\n

In a statement dated Friday, November 5, IMF allowed Kenya to draw Ksh29.4 billion from the Ksh255 billion loan it gave the government in April 2021. The total amount released to Kenya in 2021 now amounts to Ksh109 billion, with the balance amounting to over Ksh146 billion.<\/p>\n

IMF stated that it allowed Kenya to access the Ksh29.4 billion after reviewing the country\u2019s progress on its governance and anti-graft agenda. The financial institution was happy that Uhuru\u2019s administration was moving forward with this drive and that the country was making great steps on that front.<\/p>\n

\u201cThe authorities have an action plan to address legal impediments that prevented publication of beneficial ownership information of successful bidders on the public procurement website.<\/p>\n

“To safeguard public resources and enhance accountability, a special audit of grants spending will be undertaken, and the comprehensive audit of FY20\/21 expenditure will include a chapter on pandemic-related spending,\u201d IMF stated.<\/p>\n

It also noted Kenya\u2019s efforts in undertaking reforms to improve government effectiveness and proactively manage fiscal risks.<\/p>\n

Uhuru\u2019s administration is expected to roll out a common payroll system for public employees and also release more reports on risks from Public Private Partnerships (PPPs) and SOEs that will feed into 2022\u2019s budget process.<\/p>\n

IMF underlined Uhuru\u2019s endeavour to streamline parastatals, notably, Kenya Power and Kenya Airways (KQ) as a major factor in turning around the entities to operate on profits rather than losses.<\/p>\n

It further called on the government to reduce debt vulnerabilities and safeguard resources to protect vulnerable groups.<\/p>\n

However, it warned that the political calendar is also a source of uncertainty and Kenya has to be on the lookout to protect its significant growth witnessed under Uhuru\u2019s last term.<\/p>\n

\u201cKenya\u2019s longer-term outlook remains positive. The further deepening role of the digital economy in Kenyans\u2019 everyday life points toward areas of dynamism for the future, even as sectors, like manufacturing, have seen challenges to competitiveness and actions will be needed to seize opportunities in free trade agreements,\u201d it stated.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. The International Monetary Fund (IMF) says it has been impressed by the steps taken by President Uhuru Kenyatta over the recent months in terms of development even as the government seeks more grants and loans from the fund. In a statement dated Friday, November 5, IMF allowed Kenya to draw Ksh29.4 billion […]<\/p>\n","protected":false},"author":84,"featured_media":38748,"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-38749","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":"\nWhy IMF is Impressed With Uhuru, to Offer Him More Loans - kenya<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund (IMF) says it has been impressed by the steps taken by President Uhuru Kenyatta over the ...\" \/>\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\/why-imf-is-impressed-with-uhuru-to-offer-him-more-loans\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why IMF is Impressed With Uhuru, to Offer Him More Loans\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund (IMF) says it has been impressed by the steps taken by President Uhuru Kenyatta over the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/why-imf-is-impressed-with-uhuru-to-offer-him-more-loans\" \/>\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=\"2021-11-06T16:13:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/11\/img-61869a7413e46.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=\"2 minutes\" \/>\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\/why-imf-is-impressed-with-uhuru-to-offer-him-more-loans#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/why-imf-is-impressed-with-uhuru-to-offer-him-more-loans\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Why IMF is Impressed With Uhuru, to Offer Him More Loans\",\"datePublished\":\"2021-11-06T16:13:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/why-imf-is-impressed-with-uhuru-to-offer-him-more-loans\"},\"wordCount\":395,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/why-imf-is-impressed-with-uhuru-to-offer-him-more-loans#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/11\/img-61869a7413e46.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\/why-imf-is-impressed-with-uhuru-to-offer-him-more-loans#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/why-imf-is-impressed-with-uhuru-to-offer-him-more-loans\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/why-imf-is-impressed-with-uhuru-to-offer-him-more-loans\",\"name\":\"Why IMF is Impressed With Uhuru, to Offer Him More Loans - 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