Editor's Review

IMF also gave an update on the recent assessment done on Kenya in September.

Kenya could soon undergo an audit of its governance from the International Monetary Fund (IMF) to highlight key areas that need improvement.

According to reports, Kenya had requested a governance diagnostic following a push from Western countries.

During a press briefing, IMF Spokesperson Julie Kozack explained that the financial institution had also been encouraging the authorities to have governance diagnostics.

She explained that the audit would be helpful as it highlights key strengths in the governance of a country in addition to highlighting areas that need improvement.

File image of IMF Spokesperson Julie Kozack.

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"With respect to the governance diagnostics, we have encouraged the authorities in the past, and we continue to encourage them to request governance diagnostics," she stated.

" And while governance reforms themselves, of course, can take time, promoting good governance remains an essential part of the IMF's engagement with the Kenyan authorities."  

In the meantime, the IMF spokesperson revealed that President William Ruto's government was still in talks with the IMF following an assessment done sometime last month.

The assessment was centred around fiscal and economic challenges and policies undertaken in the country.

"The IMF did have a Staff team visit Kenya from September 11th through 16th on a fact-finding mission. There are details of that fact-finding mission in the Press Release, and discussions are ongoing between the IMF in Kenya on the way forward," Kozack added.