IMF mission expected in Kenya for talks on $1.5b standby loan
Central Bank of Kenya Governor Patrick Njoroge during a press conference after the Monetary Policy Committee meeting that reviewed the outcome of its policy decisions and recent economic developments on January 28, in Nairobi. PHOTO | FILE | NATION MEDIA GROUP
An IMF delegation is set to visit Nairobi this month to resume negotiations over the $1.5 billion standby facility intended to cushion the Kenyan shilling from major economic shocks.
Collapse of negotiations following the exit of Finance Cabinet Secretary Henry Rotich on corruption charges has seen Kenya go for more than a year without the precautionary facility.
