IMF delays bailout as currency manipulation concerns emerge

The IMF has delayed reaching a new funding deal with Kenya, even as fresh concerns emerged about currency stability and the government’s debt management strategy...

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The International Monetary Fund (IMF) has delayed a new funding deal for Kenya, raising concerns about the nation's currency stability and the current government's debt management strategy.

Concerns surfaced regarding Kenya's currency manipulation and the Kenya Kwanza government’s debt management strategy.
The IMF Director for African Department Abebe Aemro Selassie confirmed discussions are ongoing but provided no timeline for a breakthrough.
The delay highlights ongoing financial scrutiny facing Kenya regarding its economic policies.

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