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Uhuru discusses matters economy with IMF

09 July 2014, 15:46 PSCU

Nairobi - President Uhuru Kenyatta on Wednesday met a delegation from the International Monetary Fund (IMF) to assess the country’s economic development.

The team, led by the assistant director of the IMF’s African department, Mauro Mecagni, also discussed the next round of financing from the institution.

President Kenyatta affirmed his Government’s commitment to working with the IMF and other international institutions to uplift the living standards of Kenyans.

The President said the implementation of fiscal devolution, and the ongoing reform agenda in the country, would bring the economy to middle-income status and ensure more inclusive growth that creates jobs for the youth.

Mr Mecagni praised the government for adopting fiscal policies that focused on sustainability, while allowing for infrastructure investments in key sectors such as roads and power.

During the tour, the team met officials from the National Treasury, the Central Bank of Kenya and parliament, among others, to conduct the Kenya 2014 Article IV Consultation which provides an opportunity to review recent economic developments in the country.

The IMF conducts annual economic reviews of its member-states through the Article IV Consultation, which among other things, examines economic gains made by countries since the last review.

Earlier, the President bid farewell to outgoing Israeli Ambassador to Kenya Gil Haskel whose tour of duty in the country has ended.

The Kenya and Israel have had a close, profound and a mutually beneficial relationship since 1963.

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