Scrap or review interest rate cap, IMF tells state
2 weeks ago, 00:39
The IMF will next week decide on the fate of Kenya’s $1.5 billion (Sh152 billion) precautionary facility whose review was postponed last year. In a statement issued at the end of a mission to Nairobi yesterday, the IMF said the new request for an extension will be placed before its board before the facility expires on March 13. “The authorities requested for a six month extension of Stand-By Arrangement (SBA) that expires on March 13, 2018 to allow more time to complete the outstanding reviews o ...
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