The Cabinet Secretary/ National Treasury Mr. Henry Rotich welcomes the IMF First Deputy Managing Director, Mr. David Lipton to the National Treasury. With then is PS, National Treasury, Dr. Kamau Thugge.  Mr. Lipton is on a three day visit to Kenya to discuss a range of issues with the Government, including Kenya’s economic programme aimed at Investment- driven, inclusive growth and Kenya’s increasing integration in global financial markets.

DSC 0025In March, Kenya secured a new loan from IMF totaling Sh153bn ($1.5bn) to be utilized in the next 24 months in case of external shocks.  The country last asked for a similar precautionary facility in 2014, the amount made available was Sh.70bn ($688m).

DSC 0034The IMF said in the latest press statement that Kenya’s growth was robust with a positive outlook though vulnerable to shocks.  The cash was, however, not drawn as there were no external shocks to warrant the action.
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