Monday, October 3, 2022
HomeNewsAfricaIMF sets new loan conditions, limiting choices of the next government

IMF sets new loan conditions, limiting choices of the next government

These three conditions, known as structural benchmarks, include implementation of national tax policy, scrapping fuel subsidies and a push for Kenya Power to fully bridge its fiscal gap by 2023.

These are fresh conditions added to the 38-month $2.34bn (KSh276bn) loan deal Kenya signed in April 2021 under the special drawing rights (SDR) that is currently being settles in tranches and will spill over to the next administration.

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