News

 

Nairobi, 8th August, 2019

 

The government is fully committed to working closely with the International Monetary Fund (IMF) to revive various programmes and in debt management. Acting Treasury and Planning Cabinet Secretary Amb.Ukur Yatani has said.


He said that the government is presently reviewing revenue collection framework so that more resources could be netted to fund budgets.

 

‘’We have adopted ways of making sure that we live within our means in order to reduce expenditure.We are also adopting tighter fiscal framework in order to match Revenue with our expenditure’’. Yatani added.

 

He also assured IMF of full cooperation saying that treasury doors will remain open.


The Cabinet Secretary made assurance today during a meeting with International Monetary Fund (IMF) Resident Representative to Kenya, Mr. Jan Mikkelsen who paid him a courtesy call at the National Treasury Building today.

 

Mr. Mikkelsen assured the CS of IMF’s support saying that the main objective is to bring down the fiscal deficit and make Kenya’s debt situation sustainable.

 

The two also discussed matters touching on the level of Revenue collection in Kenya with the CS pointing out that there is still more room of increasing Revenue collection. ‘We will give the Kenya Revenue Authority (KRA) all the necessary support and facilitation in order to increase revenue base as we cut on our expenditure’’. Yatani said.


The National Treasury Principal Secretary, Dr. Julius Muia expressed the need for the Government to work closely with IMF. ‘’We recognize IMF is a very important institution. Cooperation and collaboration is the way to go forward so that the symbiotic relationship between us is fulfilling,” said Muia.


Today’s meeting comes ahead of the Annual IMF/ World Bank meeting scheduled to take place in Washington D.C in October this year.
The meeting was also graced by other senior Treasury officials including the Ministry’s Chief Administrative Secretary Nelson Gaichuhie.

 

 

The National treasury and Planning Acting Cabinet Secretary, Ukur Yatani receives  the IMF Resident Representative to Kenya, Jan Mikkelsen at his office.

 

 

The National treasury and Planning Acting Cabinet Secretary, Ukur Yatani appraising  the IMF Resident Representative to Kenya, Jan Mikkelsen at his office.

 

 

The National treasury and Planning Acting Cabinet Secretary, Ukur Yatani , IMF Resident Representative to Kenya, Jan Mikkelsen  and the National Treasury Principal Secretary, Dr. Julius Muia.