Kenya and IMF agree to start formal talks on new lending programme

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Kenya and IMF agree to start formal talks on new lending programme

//business-finance.news-articles.net/content/202 .. start-formal-talks-on-new-lending-programme.html

Published in Business and Finance on Monday, March 17th 2025 at 4:20 GMT by Reuters

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

Kenya and the International Monetary Fund (IMF) have agreed to initiate formal discussions for a new lending program, as announced by the IMF on September 1, 2023. This decision follows a preliminary agreement reached in July, aiming to support Kenya's economic reforms and address its financial challenges. The talks will focus on designing a program that could potentially unlock further financial assistance for Kenya, helping to stabilize its economy amidst global economic pressures. The IMF's engagement is part of its broader strategy to assist countries in managing debt and fostering sustainable economic growth.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/kenya-and-imf-agree-to-start-formal-talks-on-new-lending-programme/ar-AA1B3GXW ]