IMF: Fiscal Support to Kenya (Somali Region-NFD)
Mr. Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued the following statement in Washington D.C. following his meeting with Kenya’s Finance Minister, Mr. Amos Kimunya, on March 27. “I have had the privilege of meeting Kenya’s new Finance Minister, Mr. Kimunya. We held productive discussions on food security, governance, and on issues related to the completion of the second review under Kenya’s Poverty Reduction and Growth Facility (PRGF) arrangement with the Fund”. “I noted with deep concern the reports of immediate food insecurity in parts of Kenya and appreciated Minister Kimunya’s assessment of the drought implications. The recent drought follows several seasons of poor rains and is Kenya’s worst since 2003. It is currently estimated that about 3.5 million people are in need of emergency assistance. “Against this background, I urge the international donor community to respond generously and pro-actively in addressing the food needs of Kenya’s people. It will be critical to respond in a timely manner to avoid the human tragedies and adverse economic consequences that have all too often been associated with droughts in the past. Â
I hope that the Kenyan authorities will spend the money they receive from the IMF to help the intended recipients; the Somali people in the Kenyan occupied Somali region of NFD.Â