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Kenya Gets Additional $938 Million From IMF to Aid Recovery

Summary by Financial Post
(Bloomberg) — The International Monetary Fund will expand its financing to Kenya by $938 million to bolster the East African nation’s reserves before a eurobond repayment is due in June.

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Kenya gets additional $938m from IMF, soothing nerves

The International Monetary Fund has reached a staff-level agreement with Kenya, unlocking immediate access to a $682.3 million tranche and boosting the current lending programme by $938 million, the fund said on Thursday.

·Johannesburg, South Africa
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Financial PostFinancial Post
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Kenya Gets Additional $938 Million From IMF to Aid Recovery

(Bloomberg) — The International Monetary Fund will expand its financing to Kenya by $938 million to bolster the East African nation’s reserves before a eurobond repayment is due in June.

·Toronto, Canada
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Financial Post broke the news in Toronto, Canada on Thursday, November 16, 2023.
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