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The International Monetary Fund has reached a staff-level agreement with Kenya, unlocking immediate access to a $682.3m (R12.43bn) tranche and boosting the current lending programme by $938m (R17.01bn), the fund said on Thursday. ....
IMF Reaches Staff-Level Agreement on Sixth Reviews of the Extended Fund Facility and Extended Credit Facility Arrangements and the First Review Under the Resilience and Sustainability Facility, and Concludes 2023 Article IV Consultation with Kenya imf.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from imf.org Daily Mail and Mail on Sunday newspapers.
IMF Advances Kenya's Sixth Review, 2023 Consultation Ends miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Kenya Gets Additional $938 Million From IMF bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Its balance of payments and financial positions have also been strained by the legacy of the COVID-19 pandemic and frequent climate change-induced droughts, the fund said at the conclusion of a two-and-a-half week review mission to Nairobi.