National Treasury CS Henry Rotich has promised to implement contentious reforms demanded by the IMF fund to extend a frozen $1.5bn emergency standby facility that expires next month. The fund had blocked access because it had been unable to conduct a review amid a prolonged political crisis over disputed presidential elections. Kenya’s finance minister has promised to implement contentious reforms demanded by the International Monetary Fund to extend a frozen $1.5bn emergency standby facility that expires next month. The fund had blocked access because it had been unable to conduct a review amid a prolonged political crisis over disputed presidential elections. Ministers and investors are now optimistic, however, that the economy will recover quickly with both the drought and political crisis seemingly over.

Source: The Star February 22, 2018 19:18 UTC