Kenya, IMF continue talks for new bailout deal

Talks between Kenya and the International Monetary Fund (IMF) for a new lending program are at a stalemate, the country’s finance minister said Monday.

John Mbadi told a news briefing that the disagreement was over the classification of debt.

According to Mbadi, the international lender wants securitized loans to fund infrastructure projects classified as sovereign debt. Nairobi objects.

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