Kenya and IMF Set to Begin Discussions on New Loan Plan
November 24, 2024. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights
In a noteworthy move, the International Monetary Fund (IMF) and Kenya are gearing up to discuss a fresh lending initiative that could be pivotal for the East African nation, especially after both parties decided to forego the anticipated ninth review of the existing $3.6 billion agreement. But why is this dialogue significant, and what does it spell for Kenya's financial future? Let's delve into these pressing questions.
For Kenya, sustaining…