Kenya Aims to Finalize IMF Program Talks by July Amid Iran Conflict

Kenya is working towards concluding discussions on a new program with the International Monetary Fund (IMF) by July, according to Treasury Secretary John Mbadi. Bloomberg posted on X that the initiative aims to strengthen Kenya's financial defenses against potential economic disruptions resulting from the ongoing conflict in Iran. The program is expected to provide Kenya with additional financial support to mitigate the impact of external shocks on its economy. The Treasury Secretary emphasized the importance of this agreement in ensuring economic stability and resilience in the face of global uncertainties.