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Kenya Seeks $1.2 Billion From IMF, World Bank Amid Virus

  • Budget support expected by early May will boost forex reserves
  • State still in talks with IMF for a standby credit facility
A staff member of Kenya's Ministry of Health sprays disinfectant on a rock which people sit on to curb the spread of the COVID-19 coronavirus at the Gikomba Market in Nairobi.

A staff member of Kenya's Ministry of Health sprays disinfectant on a rock which people sit on to curb the spread of the COVID-19 coronavirus at the Gikomba Market in Nairobi.

Photographer: Gordwin Odhiambo/AFP via Getty Images

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Kenya is in talks with the World Bank for budget support of $750 million and the International Monetary Fund for $350 million in emergency assistance.