The logo of the International Monetary Fund (IMF) at the organization's headquarters in Washington, DC, May 16, 2011. The IMF has become the lender of choice when the country finds itself in dire financial straits. In 1984, Kenya and the IMF put pen to paper on a Sh7 billion loan disbursed in two tranches; Sh3.5 billion in May and another similar amount in August. Treasury Cabinet Secretary Ukur Yatani. When Finance Cabinet Secretary Ukur Yatani found himself in an equally tight spot as his predecessors, the IMF was a necessary ally.

Source: Standard Digital June 29, 2021 19:18 UTC