IMF applauds Kenya’s economic recovery program.
International monetary fund, IMF applaud Kenya’s economic recovery program, through channels like agriculture.
IMF Managing Director Kristalina Georgieva lauded Kenya’s decision to prioritize investment in agriculture and Micro and Small Enterprises (MSESs) that offer quick turnaround results.
She stated,” Government’s dynamism of investment, prudent fiscal measures and transparency in governance have set the country on the path of success,”
“We commend you for what you are doing on your fiscal measures. The country is certainly headed in the right direction,” she added.
She further expressed that the international monetary fund is ready to support the government to add fuel to the the country’s economic recovery programs.
On his part, the head of state, President William Ruto stated that the government is committed to managing the country’s debt to sustainable levels.
The President maintained that the government has cut down on new projects and stopped subsidy programs that were draining the country’s resources and creating a dent in taxpayers’ money.
He stated,” The government has deliberately invested in agriculture and MSESs to create opportunities, income and wealth for as many Kenyans as possible in line with the Bottom-Up Economic Transformation Agenda.”
“We commit to stay the course, especially on fiscal discipline and giving priority to projects that will have circulation of money,” he added.
He further expressed his gratitude towards the International monetary fund and vowed to work towards making the country’s domestic market attractive through the management of interest rates.
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