Africa in BusinessAfrica in Business

 Talks between Kenya and the International Monetary Fund for a new funding programme have been delayed

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Talks between Kenya and the International Monetary Fund (IMF), for a new funding programme have been delayed, with no clear timelines or indication of a way forward. This amid reports that the East African country is undecided on whether to enter a new IMF funding programme. The said delays stem from significant disagreements over the country's currency management and debt sustainability strategy. Meanwhile, civic organisations have accused the government of exacerbating economic inequality, and increasing national debt as a result of these IMF programmes. Thami Ngubeni spoke to Alexander Riithi, Head of Programmes, at the Institute for Social Accountability (TISA Kenya) 

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