Kenya and the IMF have agreed to halt the ninth review of the $3.6B loan program and discuss a new lending arrangement. With rising debt costs and a 65.7% debt-to-GDP ratio, Kenya seeks fresh financial support to stabilize its economy and manage fiscal challenges.
Kenya and the International Monetary Fund (IMF) have agreed to halt the ninth review of the current $3.6 billion loan program, with plans to discuss a new lending arrangement. The decision comes as Kenya faces rising debt-servicing costs due to extensive borrowing over the past decade.
Haimanot Teferra, the IMF mission chief, confirmed that both parties reached an understanding to abandon the ninth review of the current Extended Fund Facility and Extended Credit Facility programs. The Kenyan government has officially requested a new program to help manage the country’s financial challenges.
Kenya’s economy is under pressure as it struggles to balance growing expenditure with escalating debt repayments. Anti-tax hike protests and disputes over new borrowing from the United Arab Emirates have complicated the implementation of the existing program, which is set to expire next month.
With a debt-to-GDP ratio of 65.7% in June, well above the sustainable threshold of 55%, Kenya is exploring new avenues to secure financing, including enhancing revenue collection. The IMF’s continued support is vital for Kenya as it navigates its fiscal challenges and strives to stabilize its economy.
Leaders of Iran, Israel, and the United States reiterated their determination to press on with the conflict on Friday (13 March), as the Middle Eas...
A suspect crashed his truck into the hallway of a Detroit-area synagogue where child...
Although against international humanitarian war, targeting desalination plants and other key locations is increasingly being used as a way of makin...
Iran should continue “blocking the Strait of Hormuz,” while the U....
The U.S. should shut down its military bases in the Middle East, Iran's new Supreme Leader Mojtaba Khamenei ...
A suspect crashed his truck into the hallway of a Detroit-area synagogue where children were attending preschool on Thursday (12 March) and was shot dead in a confrontation with security personnel, with no one else seriously injured, authorities said.
Iran should continue “blocking the Strait of Hormuz,” while the U.S. should “shut” its Middle East military bases, new Iranian Supreme Leader, Mojtaba Khamenei, said on Thursday in his first speech since being elected. He is still yet to appear in public, and a broadcaster read out his words.
Iran’s President Masoud Pezeshkian has set recognition of Tehran’s inalienable rights, payment of war compensation, and international guarantees against any future invasion as conditions for ending the U.S.–Israel war with the Islamic Republic.
International security and climate change are top of the agenda as leaders and policymakers from around the world meet at the 13th Global Baku Forum in the Azerbaijani capital this week.
The U.S. should shut down its military bases in the Middle East, Iran's new Supreme Leader Mojtaba Khamenei said on Thursday (12 March). His words were read out by a broadcaster on state Iranian television.
A towering lava fountain from Kilauea shot about 400 metres into the air late on Tuesday (11 March) on Hawaii Island, prompting temporary closures at Hawaii Volcanoes National Park and part of a key highway as volcanic ash and debris fell over nearby areas.
More than 68,000 children in eastern Afghanistan have been displaced after clashes between Afghan and Pakistani forces intensified along the border, according to a new report by Save the Children.
Georgia has cancelled international tenders for the construction of major road sections that form part of a regional highway linking the country with the borders of Armenia and Azerbaijan.
Centuries-old palaces and mosques in Isfahan, Iran’s celebrated cultural capital, lie in ruins after a series of air raids struck the city’s historic centre, leaving officials to warn of a devastating loss to both national and global heritage. AnewZ’s Touraj Shiralilou visited the city.
A suspect crashed his truck into the hallway of a Detroit-area synagogue where children were attending preschool on Thursday (12 March) and was shot dead in a confrontation with security personnel, with no one else seriously injured, authorities said.
Although against international humanitarian war, targeting desalination plants and other key locations is increasingly being used as a way of making an opponent weaker in battle. Water-related violent events have increased rapidly since 2022.
Freight transport on the China–Europe Railway Express grew strongly in the first two months of 2026, highlighting the growing importance of rail links between Asia and Europe. The network moved about 352,000 shipping containers between January and February, a 25% increase from a year earlier.
At least 64 people have been killed in southern Ethiopia following recent landslides and floods, the regional government’s communications office said on Thursday (12 March), citing local police
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 12th of March, covering the latest developments you need to know.
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