Kenya to seek IMF help, pay arrears, speed tax refunds over coronavirus, officials say - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Kenya’s government plans to seek help from the IMF, pay pending bills to suppliers and quickly process company tax refunds to support the economy in the face of the coronavirus crisis, officials said.

, the central bank governor, told a news conference on Tuesday that the government is seeking emergency assistance from the IMF of up to $350 million.

The government expects revenue collection to be hit as both imports and domestic consumption slow, Finance Minister Ukur Yatani told Reuters late on Monday. The World Bank is making $60 million available to Kenya’s health sector to help it deal with the outbreak., who has been meetings business executives, said on Monday that fiscal stimulus measures would be will be announced later this week.

 

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