Kenya Reneges on IMF $3.6bn Deal, Forfeits $850m

Kenya has reneged on the deal with the International Monetary Fund (IMF) after failing to meet key financial commitments under a $3.6 billion funding program. The East African nation had agreed in 2021 to curb spending and increase tax collection as part of the deal, but the administration of President William Ruto has struggled to [...]The post Kenya Reneges on IMF $3.6bn Deal, Forfeits $850m appeared first on Tekedia.

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