IMF warns against easing classification of bad loans

Central Bank of Kenya building in Nairobi. FILE PHOTO | NMG

The International Monetary Fund (IMF) has warned against easing the criteria for classifying bank loan performance even as authorities up measures to cushion both borrowers and the financial sector from the coronavirus pandemic.

The multilateral lender said changing the criteria would end up compromising transparency that would normally ensure accuracy and reliability of the data obtained from the financial sector. READ MORE..

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