Page 45 - Fund Facility News Today

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The International Monetary Fund (IMF) increased its lending facility to Kenya to help the country offset debt obligations, in return for about 2% in revenue.

This week, IMF released billions to support Kenya’s growth programmes.

The Kenyan government has indicated its intention to pull out of the scheme in December and leave it to the private players.

An International Monetary Fund (IMF) team, led by the head of the fund’s mission to Egypt Ivanna Vladkova Hollar, began discussions in Cairo on Saturday regarding the first and second reviews of the reform program that the IMF supports through the Extended Fund Facility.

An International Monetary Fund team is currently in Cairo to discuss Egypts $3 billion IMF loan and reform program, an IMF spokesperson said on Friday amid discussions about additional funding to... -January 19, 2024 at 06:49 pm EST - MarketScreener

Kenya is planning to pull out of the G-to-G deal oil programme in December this year.

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Sri Lanka has to raise its value-added tax to 18pc from 15pc to meet revenue targets

Treasury notes there is an increase in rollover risk in relation to the initiative and it has expressed intention to exit deal in December.