IMF Kenya financing program may be ready for board review in early 2021-spokesman

International Monetary Fund staff and Kenyan authorities are continuing talks on remaining provisions of an IMF financing program for Kenya that could be presented to the IMF board in early 2021, Fund spokesman Gerry Rice said on Thursday.

Rice told a regular news briefing that an Extended Fund Facility discussed by IMF staff with Kenyan authorities would provide resources for the next phase of the East African country's COVID-19 response while advancing structural reforms. The size and phasing of the agreement had not yet been determined, Rice said.

"Discussions on remaining areas will continue in the coming period with a view to reaching agreement on a program that could be presented to our board, we think in early 2021," Rice said.