IMF Managing Director Christine Lagard: Kenya is setting standards in the region
Ms. Christine Lagarde, Managing Director of International Monentary Fund visited Kenya from 5th to 8th of January 2014. During her visit she met with Kenya’s leaders, including H.E. President Uhuru Kenyatta, its business community, parliamentarians, prominent women, and civil society figures.
Speaking at the State House Mombasa during a dinner hosted by in her honour by H.E.President Uhuru Kenyatta, Ms Lagarde said Kenya has undertaken ambitious programmes to accelerate economic growth and improve the lives of the citizens. She also cited the succesful completion of the extended credit facility that was put in place three years ago and the monetary politicies implemented by the Kenya Government that have helped tame inflation and built on accumulated resource reserves.
H.E. President Kenyatta said time has come to shift gear and focus on partnerships that will propel Kenya beyond a "frontier economy" to a truly middle - income country. He expressed confidence that with discipline, focus and commitment, the country will achieve the target of becoming a middle-income country in the next six years.
Kenyan Economic Experts said that the visit by Ms Lagarde to Kenya will have a positive economic impact going forward and that is an indication that Kenya's financial management policies are impoving hence making Kenya an attractive place to watch and invest.