President William Ruto today met the International Monetary Fund (IMF) Deputy Managing Director Nigel Clarke at State House, Nairobi.
During the meeting, President Ruto noted how the financial agency, together with other partners, has been Kenya’s saviour during tough economic situations.
President Ruto said the excellent 60-year relationship Kenya has had with the IMF has yielded demonstrable results.
For instance, the head of state noted that the country’s inflation is at 2.7% which is the lowest in the past 17 years.
President Ruto also said the country’s foreign exchange reserves are at $9.5 billion, which is the highest ever.
The president further noted that at the moment, the production of staple food, including maize and sugar, is meeting national demand.
"Our debt burden is easing, inflation is at 2.7 per cent - the lowest in 17 years, while foreign exchange reserves at $9.5 billion are the highest ever. Additionally, production of the staple food, maize, and sugar is meeting national demand," said President Ruto.
