Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


IMF approves $110m loan for Kenya

18 April 2012, 16:44

Washington - The IMF on Tuesday approved the disbursement of $110.9 million to Kenya under the country's three-year loan program and warned the authorities to keep an eye on risks posed by the euro zone debt crisis and possibility of higher oil prices.

In approving the disbursement, the International Monetary Fund warned that an uncertain global environment could dampen growth, forecast by the IMF to rise this year, and widen the external current account deficit.

"Thus, policies should continue to aim at ensuring that domestic demand grows in line with supply to reduce the external imbalance and keep inflationary pressures in check," the IMF said in a statement.

It said Kenya's economic reform program had started to yield results: inflation was lower, international reserves are up and the Kenyan shilling stronger. The government had also made progress on improving public financial management and tax reforms, the Fund added.


- Reuters

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Shakila Alivitsa
Types of men that are a waste of ...

Most women end up heartbroken because they were trying to convince the wrong man to be in a relationship/ marriage. Read more...

Submitted by
Shakila Alivitsa
Dating that one person that socie...

Works at a massage parlour. Works at Millionaires Club (that one on Baricho road) - you know the ones I am talking about. Read more...

Submitted by
Shakila Alivitsa
Submitted by
Shakila Alivitsa
What do men mean when they say th...

As much as men think they are the ones confused by relationships, they have a better idea of it than most women actually do. Read more...

Submitted by
Wilson Ochieng
ODM rebels sweat in Kisii as Oran...

ODM rebels are sweating in Kisii after the Orange Party won by elections despite concerted efforts by the ruling Jubilee Party to win the elections. Read more...

Submitted by
Wilson Ochieng
ODM celebrates thrashing Jubilee ...

ODM is celebrating defeating the Jubilee Party in three of four by -elections held Wednesday. Read more...