{"id":87790,"date":"2023-03-24T11:20:18","date_gmt":"2023-03-24T11:20:18","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-official-says-continued-vigilance-warranted-in-wake-of-banking-crisis"},"modified":"2023-03-24T11:39:19","modified_gmt":"2023-03-24T11:39:19","slug":"imf-official-says-continued-vigilance-warranted-in-wake-of-banking-crisis","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-official-says-continued-vigilance-warranted-in-wake-of-banking-crisis","title":{"rendered":"IMF official says ‘continued vigilance warranted’ in wake of banking crisis"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>An International Monetary Fund (IMF) official said Thursday that \u201ccontinued vigilance is warranted” in the wake of the banking crisis that has swept the US and later Europe.<\/p>\n

“Policy makers have taken rapid action, and this rapid action has included coordinated action by major central banks to enhance the provision of U.S. dollar liquidity,” IMF spokesperson Julie Kozack said in a press briefing.<\/p>\n

\u201cThese actions have eased market stress to some extent, (but) at the same time, uncertainty remains high and continued vigilance is warranted,” she added.<\/p>\n

Kozack noted that Ukraine, because of Russia’s war, will have large financing needs this year.<\/p>\n

“We’re operating in an environment of very high uncertainty,” she told.<\/p>\n

Kozack’s comments come after four US banks in the past two weeks have gone under — Silvergate Bank, Silicon Valley Bank (SVB), Signature Bank and First Republic Bank.<\/p>\n

The IMF and the Ukrainian authorities reached an agreement Tuesday on a new $15.6 billion loan program for financial stability to support economic recovery in post-war reconstruction.<\/p>\n

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

Africa-Press – Kenya. An International Monetary Fund (IMF) official said Thursday that \u201ccontinued vigilance is warranted” in the wake of the banking crisis that has swept the US and later Europe. “Policy makers have taken rapid action, and this rapid action has included coordinated action by major central banks to enhance the provision of U.S. […]<\/p>\n","protected":false},"author":84,"featured_media":87789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,9371,543,9370,544,8691],"class_list":["post-87790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-banking-crisis","tag-imf","tag-julie-kozack","tag-kenya","tag-ukraine"],"yoast_head":"\nIMF official says 'continued vigilance warranted' in wake of banking crisis - kenya<\/title>\n<meta name=\"description\" content=\"An 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