Kenya: Kenya Suffers Setback as IMF Talks Over New Programme Stall

Kenya’s bid to secure a new funding programme from the International Monetary Fund (IMF) has suffered a setback after the lender said it cannot continue with talks until the government responds to delayed governance and corruption diagnostics reports.

The Bretton Woods Institution noted that the draft report had already been shared with President William Ruto’s administration, but the Fund is still awaiting formal comments before it can be presented to its board for approval.

Outgoing IMF…