| End-of-day quote Chicago Board Of Trade 19:19:55 15/07/2024 BST | 5-day change | 1st Jan Change | ||
| 14.7 USD | -24.83% |
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| 12:31pm | Indian farmers rush to plant summer crops as monsoon revives | RE |
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WASHINGTON (Reuters) - The International Monetary Fund is continuing to work with Kenyan authorities on a possible financing program and hopes to present a possible program to its board in early 2021, IMF spokesman Gerry Rice said on Thursday.
Rice told a regular online briefing that an IMF mission had reached agreement on many areas late last year.
The Fund was recommending a pause in fiscal adjustment by Kenya to accommodate increased health spending and support for the economy during the current external shock, as well as continued support of a monetary response, he said.
(Reporting by Andrea Shalal; Editing by Chizu Nomiyama)
