IMF Bolsters Kenya's Economic Recovery with an Additional Sh.142.8 Billion - Nairobi Wire

Nairobi Wire

IMF Bolsters Kenya's Economic Recovery with an Additional Sh.142.8 Billion - Nairobi Wire

The International Monetary Fund has reached a staff-level agreement with Kenya, allowing for immediate access to $682.3 million(Sh103.7bn) and an increase in the current program’s funding by $938 million(Sh142.6 bn). In a statement Thursday, IMF said the agreement follows uncertainty regarding Kenya’s access to financial markets, particularly the significant pressure on liquidity stemming from a substantial $2 billion Eurobond maturing in June 2…