IMF warns over Kenya's new debts, wants rate cap abolished
International Monetary Fund (IMF) mission chief to Kenya Ben Clements (centre) and IMF Representative Kenya Jan Mikkelsen (right) addressing Budget and Appropriations Committee in Nairobi on February 22, 2018. PHOTO | DIANA NGILA | NATION
The International Monetary Fund has warned that Kenya debt is approaching the unsustainable levels following the rate at which new loans are being contracted.
The IMF at the same time wants the interest rates controls abolished saying it had stifled lending to the private sector.
