Finance –Newly-appointed Treasury Cabinet Secretary John Mbadi has today, Wednesday August 14, met with International Monetary Fund officials.
The officials paid him a courtesy call at the Treasury offices where the two parties discussed how to stabilize the economy.
“The IMF Representative in Kenya, Mr. Selim Cakir, paid a courtesy call to Treasury CS John Mbadi this morning. The IMF continues to play a crucial role in supporting Kenya’s economic stability and development.,” read the statement as quoted in Kenyawide.com.
Mbadi who was sworn into office days ago, was handed the instruments of power at the Treasury headquarters Nairobi on Monday August 12 with his predecessor Njuguna Ndung’u exiting the stage.
Ndungu listed a number of factors that have been bedeviling the ailing economy and among these was siphoning of taxes to ghost schools around the country.
He warned also that the culture of white elephant projects initiated by government both at county and national levels, if not stopped, the economy will continue to crumble.
Mbadi taking over from Prof Ndung’u at the time the government is mulling over how to work around to fill the gap left behind by the rejected Finance Bill 2024.
