Kenya's government has asked the International Monetary Fund to conduct an official assessment of corruption and governance issues, two sources familiar with the situation told Reuters, after a push by Western nations.
The countries themselves must request the IMF's so-called "governance diagnostic", which investigates whether corruption and governance vulnerabilities are draining revenue or creating other problems in state finances.
"We have encouraged the (Kenyan) authorities in the past, and we continue to encourage them to request a governance diagnostic," said IMF spokesperson Julie Kozack in a scheduled press briefing in Washington.
"Promoting good governance remains an essential part of the IMF engagement with the Kenyan authorities."
Kenya has struggled with debt that has reached precarious levels in recent years, and its withdrawal of proposed tax hikes earlier this year - following deadly protests - complicated its efforts to unlock a $600 million disbursement from the IMF.
One of the sources said the assessment, while not directly linked to the disbursement, would be a show of goodwill in the country's efforts to get its finances back on track.
Perceived government waste and corruption were a core driver of the June demonstrations.
Kenya's finance ministry did not immediately respond to requests for comment.
Reuters on Tuesday first reported that Western nations were pushing for the IMF assessment.
Latest Stories
-
Election 2024: The desire of Ghanaians for change encouraging – Mahama
13 seconds -
Ablakwa dares NAPO to prove LGBTQ curriculum claims
1 min -
ADB celebrates customers, prioritises excellent service experience
4 mins -
Since we have better health facilities; bring Asante Bediatuo to continue his healing in Ghana – Bullgod to Akufo-Addo
9 mins -
Bright Simons: Africa’s financial salvation is on the blockchain
14 mins -
UBA Ghana leading the charge in digital banking and financial innovation
20 mins -
20-year-old robbery suspect escapes police custody in Juaboso
27 mins -
Alan to introduce Mother-Child Support Scheme and GRASP in Ghana – Running mate KOD reveals
34 mins -
EC yet to decide on proposed offline exhibition of Provisional Voters’ Register
48 mins -
2023/24 National Service Personnel at CalBank transform school with classroom renovation
1 hour -
Xoese Ghana holds PCOS webinar to enlighten women on effective PCOS management for pregnancy
1 hour -
Inadequate LPG storage tanks pose challenges, says NPA’s Abass Tasunti
1 hour -
World Heart Day 2024 – The Power of Local Foods
2 hours -
China’s gold reserves unchanged for fifth straight month in September
2 hours -
Dolly Parton announces $1m donation to Hurricane Helene recovery
3 hours