IMF APPROVES $606 MILLION FOR KENYA, SPARKING OUTRAGE OVER HIGH BORROWING
Faith Nyasuguta The International Monetary Fund (IMF) has approved a disbursement of $606.1 million to Kenya to support the government’s efforts in rebuilding fiscal buffers and resilience to climate shocks. The IMF executive board’s decision allows the disbursement of special drawing rights (SDR) 365.28 million ($485.8 million) under the Extended Fund Facility (EFF) and Extended […]
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