Uhuru discusses matters economy with IMF
09 July 2014, 15:46
Nairobi - President Uhuru Kenyatta on Wednesday met a delegation from the
International Monetary Fund (IMF) to assess the country’s economic
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.
Kenyatta affirmed his Government’s commitment to working with the IMF
and other international institutions to uplift the living standards of
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.
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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