IMF Staff, Kenya Reach Agreement for $1.1 Billion

The International Monetary Fund and Kenya reached a preliminary agreement to unlock about $1.1 billion. The funding is under the existing Extended Fund Facility and Extended Credit Facility arrangements. The staff-level agreement, which is subject to IMF board approval, will give Kenya access to about $976 million. If approved, Kenya would receive $976 million 135.55% of … Continue reading IMF Staff, Kenya Reach Agreement for $1.1 Billion