The International Monetary Fund. [Photo/thebubble.com]
A delegation of the International Monetary Fund is expected to touch down at the Jomo Kenyatta International Airport later this month.This is following the country's mounting debt that the international body has warned could stall development.The government has already been asked by IMF to work towards to address the yawning gap between revenue and expenditure.Kenya's economy is reeling from a protracted electioneering period meaning that the imperative for the government to focus on high-return undertakings. Infrastructure development is necessary but you need to examine how you select projects ... to ensure cash allocations go to the most productive ones,” IMF representative to Kenya Jan Mikkelsen said, according to the East African magazine.Moody's, an international rating agency, has also expressed deep concerns about Kenya's debt levels.In a week-old report, Moody's noted the country has a high debt burden and week debt affordability metrics.