In this episode recorded on 22.01.2024, we are joined by Churchill Ogutu - Economist, IC Group and Julians Amboko - Business Journalist, Nation Media Group for a discussion on the latest IMF report on Kenya.
We also cover the Medium-Term Revenue Strategy (MTRS), broadening the tax base, currency depreciation, and Eurobonds.
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Show Notes
00:00:00 Introduction
00:02:26 Why Does Kenya Need the IMF?
00:05:09 Takeaways From IMF’s Sixth Review Report
00:12:15 Medium-Term Revenue Strategy and the Finance Act 2024
00:17:24 Augmentation of Existing IMF Programs
00:23:47 Extended Credit Facility (ECF) Extended Fund Facility (EFF), And Resilience And Sustainability Facility (RSF
00:26:03 Broadening The Tax Base and Fiscal Consolidation
00:36:52 Treasury Single Account, Appropriation Bill, and Appropriation Act
00:41:16 Currency Depreciation and Special Drawing Rights
00:53:32 Consumption Tax, Refinancing, and Eurobonds
01:02:38 Closing Thoughts
The IMF Report on Kenya