Haimanot Teferra: Why IMF is happy with President Ruto's tax measures and parastatal reforms

IMF Mission Chief to Kenya Haimanot Teferra. ILLUSTRATION | JOSEPH BARASA | NMG

The International Monetary Fund (IMF) executive board this week completed the fifth review of its current programme with Kenya, allowing an immediate disbursement of about Sh58 billion ($415.4 million).

The board also approved a 20-month arrangement for Sh77 billion ($551.4 million) to support Kenya’s efforts to build resilience to climate change and catalyse private climate financing.

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Note: The results are not exact but very close to the actual.