An International Monetary Fund team on Friday said it backed a $72.6 million loan to Kenya, but said more work needed to be done to boost the country's fight against corruption, according to Reuters. The IMF delegation, after a 12-day visit, said it was pleased with Kenya's work toward meeting fiscal and monetary targets laid out under the lender's Poverty Reduction and Growth Facility loan programme. But the IMF said it wanted to see faster follow-through in prosecuting corruption cases. Donors have complained that Kenya, with east Africa's largest economy, is too tolerant of massive graft in government ranks. "The IMF team noted the strengthening of anti-corruption institutions and progress in their investigative work, but recognised also serious capacity constraints in the subsequent prosecutorial and judicial processes," an IMF statement said. Disbursement of the loan is not expected before the end of December, when the IMF's executive board is tentatively scheduled to decide on the team's recommendation.
