Kenya to receive at least Sh200b in loans next month : vimar

Kenya to receive at least Sh200b in loans next month


Kenya to receive at least Sh200b in loans next month
by VICTOR AMADALA
Kenya expects more than Sh200 billion from international lenders by end of June as part of budgetary support as the economy recovers from Covid-19.
Addressing a post-Monetary Policy Committee (MPC) press briefing, Central Bank of Kenya Governor Patrick Njoroge revealed that the country is expecting loans from the World Bank, IMF and AfDB in coming weeks.
The World Bank is expected to release $750 million (Sh81 billion) as part of a third Development Policy Operation (DPO) programme to cushion the local economy from the vagaries of Covid-19.

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