PRESIDENT Daniel arap Moi has met with leaders of the International Monetary Fund (IMF) and World Bank to discuss Kenya’s fragile economy, but there was no sign that the IMF would resume much-needed aid payments to the east African country in the wake of the talks. The IMF funds were frozen in January due to what the IMF said were “serious setbacks” in Kenya’s fight against corruption. Unless the disbursements resume, Kenya risks ending the financial year with a budget deficit of 60bn shillings ($900m), according to the local media. – AFP
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