Kenya to Borrow $600 Million From Bilateral Creditor, IMF Says

  • Nation took out $750 million facility in November at about 8%
  • Treasury cut back domestic borrowing on high interest rates

Kenya’s government plans to borrow $600 million from a bilateral creditor this year in addition to a $750 million loan it took at the end of 2015 when the cost of domestic credit became expensive, the International Monetary Fund said.

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