The International Monetary Fund (IMF) Executives on Thursday approved a $2.4 billion (Ksh263 billion) loan to Kenya.
The International Monetary Fund (IMF) Executives on Thursday approved a $2.4 billion (Ksh263 billion) loan to Kenya under the Extended Fund Facility and Extended Credit Facility.
The new programme will last for three years to support the government’s COVID-19 response.
“The programme will support the next phase of the country’s COVID-19 response and the authorities’ plans for a strong multi-year effort to stabilize and begin reducing debt levels relative to GDP,” Mary Goodman who was representing the IMF said.
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