(17.07.2023)

IMF Deputy Managing Directory Antoinette Sayeh said Monday‘s actions would allow Kenyan authorities to continue to address such challenges, sustain market confidence, promote growth, and advance ongoing reforms.

She said approval of Kenya‘s fiscal 2023-2024 budget and the 2023 Finance Act were „crucial steps“ needed to support ongoing consolidation efforts and reduce debt vulnerabilities while protecting social and development expenditures.