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Kenya in talks with IMF after standby loan deal expires

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By REUTERS
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Kenya’s standby precautionary facility with the International Monetary Fund has expired, Finance Minister Henry Rotich said on Thursday but the country will continue to talk to the IMF.

Kenya had secured a six-month extension for its standby credit arrangement of $989.8 million from the Fund in March, which was due to expire in mid-September.

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“Yes, the programme has ended,” Mr Rotich told reporters, when asked about the IMF standby loan. “We will continue engaging the fund going forward,” he added.

The Finance Ministry’s Principal Secretary Kamau Thugge had said earlier on Thursday that not having an IMF precautionary arrangement would not hurt the economy.

Kenya had not drawn on the precautionary arrangement last year despite a drought, Mr Thugge said.

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TENDER NO. 28/KBC/2020-2021 FENCING OF KENYA BROADCASTING CORPORATION’S PARCEL OF LAND IN NYALENDA (KISUMU). – KBC

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TENDER NO. 28/KBC/2020-2021 FENCING OF KENYA BROADCASTING CORPORATION’S PARCEL OF LAND IN NYALENDA (KISUMU). – KBC | Kenya’s Watching





















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Suluhu: Closer ties for Kenya and Tanzania

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?President Samia Suluhu’s address to Parliament was a masterclass in charm, punctuated by periodic applause and stomping of feet by Kenyan lawmakers.

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Covid-19 deaths, hospitalizations soar among youth in Americas – KBC

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Hospitalizations and deaths of younger people are surging as the COVID-19 pandemic accelerates across Latin America and the Caribbean, Pan American Health Organization (PAHO) Director Carissa Etienne said on Wednesday.

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“Adults of all ages – including young people – are becoming seriously ill. Many of them are dying,” Etienne said at her daily press briefing as quoted in a PAHO release.

In Brazil, mortality rates doubled among those younger than 39, quadrupled among those in their 40s, and tripled for those in their 50s, between December 2020 and March 2021, she said.

“For much of the pandemic, our hospitals were filled with elderly COVID patients, many of whom had pre-existing conditions that made them more susceptible to severe disease,” Etienne said. “But look around intensive care units across our region today. You’ll see they’re filled not only with elderly patients, but also with younger people.”

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Etienne urged hospitals in the region to increase the size of intensive care units (ICU) in anticipation that the trend will continue, while warning that expansion of ICUs cannot continue indefinitely.

As a result, she urged nations to double down on prevention measures such as lockdowns and facemasks.

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