Kenya says IMF stand-by deal over but will continue engaging with the fund

NAIROBI, 13 Sept. - (ANA)  - Kenya’s stand-by arrangement with the International Monetary Fund has expired, Finance Minister Henry Rotich said on Thursday and it was not immediately clear what Kenya could seek from the IMF now.

Kenya had secured a six-month extension for its stand-by credit arrangement of $989.8 million from the International Monetary Fund in March, which was due to expire in mid-September.

“Yes, the program has ended,” Rotich told reporters, when asked about the IMF stand-by arrangement.  - (ANA) -

AB/ANA/ 13 September 2018 - - -