IMF and Kenya reach preliminary agreement on $2.4bn loan
The three-year deal is aimed at supporting the country’s response to the coronavirus pandemic
16 February 2021 - 21:45
The International Monetary Fund (IMF) reached a staff-level agreement with Kenya for a $2.4bn loan that will partly support the country’s response to the coronavirus pandemic.
The three-year deal will also help Kenya begin to reduce its debt relative to GDP, the lender said in a statement. The programme comes under the IMF’s Extended Fund Facility and Extended Credit Facility arrangements...
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