Economics
Kenya Approved for $258 Million IMF Disbursement After Review
- Fund sees authorities’ ongoing reform commitment as essential
- Kenyan economy forecast to grow near 6% this year and next
This article is for subscribers only.
The International Monetary Fund approved a disbursement of $258.1 million for Kenya after completing a second review under a 38-month program to address debt vulnerabilities, the Covid-19 response and enhancing governance.
The delivery of IMF funds brings total disbursements to $972.6 million out of a total $2.34 billion available under the country’s program approved in April, the IMF said in a statement late Friday.