Browsing: IMF loans to Kenya

IMF Kenya loans

The International Monetary Fund (IMF) has agreed to lend $938 million to Kenya, pending management approval and consideration by the Executive Board. The board is expected to make its decision in January 2024.

Haimanot Teffara, the IMF Mission Chief to Kenya, stated that the move aims to shield the country from liquidity problems and economic difficulties resulting from the adverse impacts of COVID-19, the Ukraine War, and drought.…