COVID-19 exposed Kenya’s debt vulnerability though measures helped – IMF
OMAR MOHAMMED COVID-19 has exposed Kenya's debt vulnerabilities though official measures including monetary policy easing have helped shield the economy from the impact of the pandemic, the International Monetary Fund (IMF) said late on Friday. The Fund said it hoped a deal on a new lending facility for Kenya could be presented to its board in early 2021, noting that economic activity in the East African country was starting to pick up despite a drag from sectors such as tourism. Measures including lowering interest rates, letting lenders restructure some loans, targeted tax cuts, and programmes to help vulnerable families had…