Kenya strikes deal on $2.4 billion IMF package

0
47

Patrick Njoroge

CBK governor Patrick Njoroge

Kenyan authorities have struck a deal with an International Monetary Fund team that should unlock $2.4 billion in funding for the East African nation.

The staff-level agreement paves the way for Kenya to access medium-term funding under the IMF’s extended fund facility and extended credit facility. The programme is set to run for 38 months.

A key aim is to help Kenya stabilise its debt, which spiralled in the wake of the Covid-19 pandemic. Figures published by the Central Bank of Kenya (CBK)

You are currently unable to copy this content. Please contact [email protected] to find out more.



Original Source