Kenya seeks new IMF loan deal, says no disagreements with fund

Kenya seeks new IMF loan deal, says no disagreements with fund

Kenya has applied for a new lending programme from the International Monetary Fund that will factor in unused money from the programme which both sides walked away from last week, finance minister John Mbadi said on Monday.

Kenya Pursues Fresh IMF Deal Amid Denials of Disagreement – The Black Examiner

NAIROBI, KENYA | Examiner — Kenya has formally requested a new lending arrangement with the International Monetary Fund (IMF) that will incorporate undisbursed funds from its existing program, Finance Minister John Mbadi announced Monday. The move comes days after both parties mutually agreed to terminate the ninth review of the current $4.1 billion facility. Mbadi dismissed reports of tensions with the IMF, insisting the decision to abandon the