Kenya’s National Treasury and Economic Planning Prof Njuguna Ndung'u (C), Rwanda Central Bank Governor John Rwangombwa (R) and looking on, South Sudan Finance and Economic Planning Minister,Dier Tong Ngor during the East Africa Constituency Ministers and Governors Meeting at IMF Headquarters in Washington DC, USA on April 15, 2023. PHOTO | POOL
The International Monetary Fund (IMF) has over the past one month (October) reviewed the economic, financial, social and governance policies of about eight African nations with a view to opening its funding purse to strengthen their weakening forex reserves and offer budgetary support.
Completion of the reviews has resulted in over $1billion in financing commitments for seven of the eight nations pegged on approval by the IMF Executive board.
