Kenya Will Seek IMF’s Rapid Credit Facility to Supplement Forex Reserves and Budget

Kenya says it will need the International Monetary Fund’s support to supplement its official foreign exchange reserves and budget support to address the current crisis triggered by the coronavirus pandemic. Treasury Cabinet Secretary Ukur Yatani says this will be through the IMF’s Rapid Credit Facility (RCF) which they have already made a request. The Rapid … Continue reading Kenya Will Seek IMF’s Rapid Credit Facility to Supplement Forex Reserves and Budget