France Issues Special Request to IMF & World Bank to Support Kenya, Several Economies Hit by Fuel Shocks

The fuel shortage has had a huge hit on the economy with the public transport sector suspending operations for over 24 hours, hampering movement across the country...

✨ Key Highlights

France has called on the IMF and World Bank to increase support for economies like Kenya, which are vulnerable to economic shocks from the Iran conflict.

France's Finance Minister Roland Lescure urged multilateral lenders to "do more to help countries most vulnerable to the impact of the Middle East conflict."
IMF previously downgraded growth forecasts for Sub-Saharan Africa, including Kenya, citing ripple effects from the conflict.
The call comes amid global finance discussions in Paris and widespread protests in Kenya following recent fuel price hikes.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article

Related News

Video

World Bank and IMF warn over financial risks in Kenya’s PPP deals

KTN News (Youtube)

6d ago

top3w ago

IMF Raises Concerns Over Kenya’s Economy After Fuel Price Hike

The International Monetary Fund (IMF) has lowered its growth forecast for Kenya and Sub-Saharan Africa due to rising fuel costs and economic uncertainty triggered by the Middle East conflict.

Kenyans

📰 Read Full Story

2w ago

World Bank tells Kenya to protect poorest and go green amid Middle East shock

The World Bank has advised Kenya and other developing nations to safeguard their poorest citizens and embrace green energy solutions in response to a significant increase in energy prices.

The Standard Business

📰 Read Full Story

top1w ago

Why Kenya is experiencing fuel supply shortages

Kenya is experiencing fuel supply shortages in various parts of the country, with motorists reporting dry petrol stations and long queues. The Kenyan government is actively working to resolve the issue.

The Standard

📰 Read Full Story