Countries around the world have put in place fiscal measures amounting to about $8 trillion (Sh800 trillion) to cushion economy against impacts of Covid-19. Kenya is among countries that have announced monitory and fiscal measures to shield economy from ravages of the virus that has since infected 189 people in the country. IMF estimates that member countries could potentially need emergency financing worth $100 billion of which $50 billion is already under active consideration. ''In particular, demand for new IMF financing arrangements involving Fund-supported programs could lead to rapidly higher demand in the months ahead,'' it said. The lender is soliciting $1 trillion to support members in managing the economic and social fallout of COVID-19.

Source: The Star April 11, 2020 11:26 UTC