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THE STANDARD FINANCIAL STANDARD Treasury Cabinet Secretary Ukur Yatani. [File, Standard] Kenya’s deal with the International Monetary Fund (IMF) will see about 20 State corporations put on the chopping board, with tens of thousands of civil servants at risk of being rendered jobless. This is after the Washington-based institution commissioned the National Treasury to take a health check of the State-owned enterprises (SOEs) with the largest fiscal risks as part of the plan to restructure inefficient parastatals. “By end-May 2021, National Treasury will prepare an in-depth forward-looking financial evaluation of the top 15-20 SOEs representing the largest fiscal risks as well as a strategy for addressing financial pressures in the SOE sector,” said the IMF in a detailed report on the Sh253 billion loan facility for Kenya that its executive board approved on Friday.

Kenya generalNairobi areaWorld bankDistrict of columbiaUnited statesAbdikadir mohamedUkur yataniNational research fundKenya national shipping lineInternational monetary fundIndustrial development bankNyanza sugar companyKenya railways corporationAgricultural development corporationUniversity of nairobi enterprises ltdPresidential task force on parastatal reforms