JUST IN: No Relief in Sight for Kenya, Ndii Says Economic Recovery Requires Major Reforms 

  David Ndii, Chairperson of the Presidential Council of Economic Advisors, warned Kenyans that the country will face continued tough economic times. Responding to public inquiries about when relief would come, Ndii explained that Kenya’s financial difficulties started when the government entered an agreement with the International Monetary Fund (IMF). Speaking at the NCBA economic forum, Ndii likened Kenya’s situation to being in receivership, where drastic measures such as cost-cutting are necessary to stabilize finances. “When you enter an IMF program, you are in receivership. There is no relief. Relief only comes when you exit receivership,” he said. He also drew
The post No Relief in Sight for Kenya, Ndii Says Economic Recovery Requires Major Reforms appeared first on Nairobi Wire. Read More