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IMF boss Lagarde on 3-day Kenya trip


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The Managing Director of the International Monetary Fund, Christine Lagarde is jetting into Nairobi, Kenya later on Sunday for a three-day working visit during which she is expected to hold talks with national policymakers.The IMF website confirmed on Sunday that Lagarde’s visit is scheduled to last from January 5-8.

“I am very much looking forward to my visit to underline the Fund’s strong partnership with Kenya, one of the most dynamic economies in a region that has been a bright spot in the global economy,” a statement about the visit quoted her as saying.

“Kenya has emerged as one of Africa’s ‘frontier economies’, and I am very interested in learning how the country’s leaders and people will build on this success moving forward,” she added.

In Nairobi, Lagarde will hold meetings with Kenyan President Uhuru Kenyatta and members of his cabinet before engaging parliamentarians, women leaders, and civil society activists.

Lagarde will also deliver a speech to private sector leaders and the University of Nairobi, according to the Washington-based institution.

Last June, the IMF released to Kenya $200 million in emergency loan facility to help rebuild depleted foreign currency reserves as the country suffered a slump in foreign currency inflows following the 2008 global financial crisis.

Kenya, East Africa’s biggest economy is forecast to grow by 6.2 percent in 2014, a rally from 5.9 percent in 2013, according to the IMF’s most recent projections on the country.

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