Tuesday, July 25th, 2023 07:50 | By
The International Monetary Fund (IMF). PHOTO/Courtesy
The International Monetary Fund (IMF) has given Kenya up to June 2024 to quantify the fiscal risks emanating from fifty broke state parastatals as the multilateral lenders continue to tighten loan conditions.
This is part of fresh conditions IMF penned in its latest review of the country last week after approving the disbursement of $415.4 million (Sh58.8 billion) budgetary support under the now 48-month credit facility that started in mid-2021. This means that the number of cash-strapped State-Owned Enterprises (SOEs) on the radar of the IMF has been revised upwards from the previous 18 that were targeted for restructuring when Kenya fi…
Read the full article at: https://www.pd.co.ke/business/more-state-firms-on-imf-radar-192575/