Kenya Eurobonds Jump After IMF’s Support for ‘Vigorous Action’
- IMF Managing Director holds talks with Kenyan authorities
- Funding from lenders alleviates investor concerns on default
Kristalina Georgieva
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
Yields on Kenya’s eurobonds eased in Thursday trading after the International Monetary Fund’s chief said she’s impressed by economic programs in the East African nation and ready to support them.
“Impressed by the vigorous actions to keep the economy vibrant in the face of external headwinds,” IMF Managing Director Kristalina Georgieva tweeted late Wednesday after meeting Kenyan President William Ruto in Nairobi. “The IMF stands with Kenya.”