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{
    "id": 247273,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/247273/?format=api",
    "text_counter": 131,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "Mr. Speaker, Sir, I will try to be very down to earth. The PRGF is a programme that we entered with the IMF through which the Government agreed to do certain things to operate within a civil macro-economic framework. What that means in simple terms is that we are going to hold our inflation at less than 5 per cent and ensure that our borrowing is maintained between a certain level. There are also some certain things we needed to do, including some Bills we needed to bring to Parliament, which are basically called \"Performance Criteria Items\". There are some actions that are called \"Prior Actions\" that say: \"If you do this, we will come for the review.\" The PRGF is divided into five reviews. The first review was completed. The second review was due last year, like I said, and is being done now and will be completed. It is satisfactory! The third review will come next year. It is a four-year programme during which there is an annual review. Mr. Speaker, Sir, basically, the delay in the review last year was partly due to the political situation and issues about governance. We went and said that we would like the Kenyan case put within a context that people can understand and appreciate it for what is happening. The IMF has come here, they have looked at the issues and they are coming back to complete it within the next week. The World Bank has been on-going and they are happy with the programme. So, I think there is misinformation out there, that the Fund has frozen aid. There is no freeze in their funding and there is no freeze in our relationship with the Fund."
}