{"id":39128,"date":"2021-07-01T09:30:46","date_gmt":"2021-07-01T09:30:46","guid":{"rendered":"http:\/\/abdas.org\/?p=39128"},"modified":"2021-07-01T09:36:47","modified_gmt":"2021-07-01T09:36:47","slug":"imf-to-give-kenya-additional-407m-budgetary-support","status":"publish","type":"post","link":"https:\/\/abdas.org\/2021\/07\/01\/imf-to-give-kenya-additional-407m-budgetary-support\/","title":{"rendered":"IMF to give Kenya additional $407m budgetary support"},"content":{"rendered":"

\"\"<\/p>\n

The International Monetary Fund (IMF) executive board has approved the release of an additional $407 million budgetary support for Kenya after being satisfied with the government\u2019s commitment to socio-economic and structural reforms under its 38-month financing programme with the East African nation.<\/p>\n

In a statement Wednesday the Fund said the Board\u2019s decision allows for an aggregate immediate disbursement of $407 million, bringing Kenya\u2019s total disbursements for budget support under the under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) programme to about $714.5 million.<\/p>\n

In April this year IMF Board approved a $2.34 billion three-year financing package for Kenya to support the government\u2019s next phase of the Covid-19 response, enhance governance and reduce debt vulnerabilities while safeguarding resources to protect vulnerable groups.<\/p>\n

As part of the review, the board was satisfied that Kenyan authorities are showing strong commitment to their reform agenda in challenging circumstances and are acting to reduce debt vulnerabilities while maintaining support for the economic recovery.<\/p>\n

\u201cThe Kenyan authorities continue to demonstrate strong commitment to their fiscal reform agenda during this unprecedented global shock. Performance under the EFF\/ECF arrangements has been broadly satisfactory despite a challenging environment,\u201d said Antoinette Sayeh, IMF\u2019s Deputy Managing Director and Acting Chair of the Executive Board.<\/p>\n","protected":false},"excerpt":{"rendered":"

The International Monetary Fund (IMF) executive board has approved the release of an additional $407 million budgetary support for Kenya after being satisfied with the government\u2019s commitment to socio-economic and … <\/p>\n","protected":false},"author":54235,"featured_media":39132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[500],"tags":[],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/39128"}],"collection":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/users\/54235"}],"replies":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/comments?post=39128"}],"version-history":[{"count":1,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/39128\/revisions"}],"predecessor-version":[{"id":39133,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/39128\/revisions\/39133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/media\/39132"}],"wp:attachment":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/media?parent=39128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/categories?post=39128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/tags?post=39128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}