Kenya requested a new funding program from the International Monetary Fund after agreeing not to proceed with a final review of an existing facility that would have unlocked $800 million.

NAIROBI - The International Monetary Fund has received a formal request for a new programme from Kenyan authorities and will engage with them going forward, it said on Monday. Read more at straitstimes.

Kenya and the IMF are discussing a new lending program after halting the current $3.6 billion loan review. The country needs continued support amidst high debt-servicing costs. A formal request for a new program has been made,