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The International Monetary Fund (IMF) approved a $2.34bn (R35bn) financing package for Kenya to support the country’s Covid-19 response and address an urgent need to reduce debt vulnerabilities.

Approval of the so-called Extended Credit Facility and Extended Fund Facility will enable immediate disbursement of about $307.5m (R4.5bn) for budget support in the East African nation, the Washington-based lender said Saturday in an e-mailed statement...

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