Kenya: IMF invited to audit corruption and governance issues

Written by David Fletcher 10 Oct 2024
Kenya: IMF invited to audit corruption and governance issues

Kenya has officially requested the International Monetary Fund (IMF) to conduct a comprehensive review of its corruption and governance challenges. Cabinet secretary Musalia Mudavadi said that this will help the government address corruption, a persistent issue negatively impacting the economy and the livelihoods of Kenyans. President William Ruto, who has been facing pressure from widespread protests over high living costs, pledged in July to amend laws aimed at closing loopholes which enable corruption. He wants to focus on holding corrupt officials accountable, reducing government wastage, and curbing opulence among leaders. The IMF's review, which will encompass all government ministries and institutions, aligns with its previous calls for Kenya to address these challenges. Kenya hopes this effort will also secure delayed financial assistance from the IMF, crucial for its 2024/2025 budget.

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