💨 Abstract

Kenya and the International Monetary Fund (IMF) will discuss a new lending program for Kenya, following an agreement to abandon a ninth review of the current $3.6 billion loan. The current program, which began in April 2021, has been hampered by protests and a dispute over new borrowing. Kenya's government has requested a new financing program to manage its growing debt servicing costs and expenditure needs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖