Thursday, April 12, 2007

IMF approves new Kenya funds, graft still concern

(Reuters) - The International Monetary Fund (IMF) will give Kenya nearly $57 million after waiving several requirements including on reserve money levels and the declaration of assets by senior civil servants.

In its latest review of east Africa's biggest economy, seen by Reuters on Thursday, the Fund said Kenya's macroeconomic performance had improved markedly since 2004 as prudent policies contained domestic debt and increased financial reserves.


Read more at Reuters Africa

No comments: