Kenya’s Central bank Governor said on Wednesday that International Monetary Fund (IMF) staff were expected visit the country in January to continue discussions with Kenyan authorities over a new support programme.
“We continue to have discussions with the IMF on getting, a new funded programme. We do expect a staff visit from the IMF sometime in January, to continue the discussions,” Governor Kamau Thugge told a press conference.
The East African nation’s $3.6 billion programme with the IMF expired in April and officials, including Thugge, have expressed interest in getting a new one that will include a lending component.
But negotiations have been delayed by a disagreement on how to classify securitised loans.
–Reuters–
