Former finance minister Njeru Githae (right) with CBK boss Njuguna Ndung’u at a past event
"In addition we plan to seek approval of the new VAT Bill as soon as the new National Assembly convenes", What Central Bank of Kenya (CBK) Governor Prof Njuguna Ndung'u and former Finance Minister Njeru Githae promised Ms Christine Lagarde, MD, International Monetary Fund (IMF) in their joint letter on March 28, 2013.
The full letter is found here:
http://www.cofek.co.ke/kenya%20and%20the%20IMF%20Letter%20of%20Intent.pdf
What IMF said of the Bill on its website on April 1, 2013
http://www.cofek.co.ke/IMF%20Country%20Report%20No.%2013.pdf
"The adoption of the new VAT Act was delayed because the pre-election climate raised pressures that could have weakened key provisions in the draft law, but the authorities are committed to re-open the discussionat the outset of the new National Assembly"
