

Manasseh Wepundi
4.7K posts



















Kenya & the International Monetary Fund (IMF) have mutually agreed that the 9th Review of the ongoing US$3.6 billion programme will not proceed. Musings: · I called this as a likely eventuality on Feb 23rd following notable variations in the Budget Policy Statement tabled in the National Assembly & that uploaded on the Treasury website...Something was clearly off (see quoted tweet) · What does this mean? Some Kes 88.0 billion (US$680.0M) worth of an anticipated disbursement from the fund in 2024/25 has now been shelved · The big question here is what the abandonment of the 9th Review means for the planned World Bank DPO which has been baked in at US$1.0 billion for 2024/25. The two institutions tend to align in their funding actions · It's now abundantly clear that Kenya has initiated talks for a successor programme with the fund once the current one lapses in April. I expect an unfunded programme, with a rollover component from the existing programme












@KResearcher Kungu Karumba alipotelea wapi?








