April 27

Kenya Eyes $244 Million Budget Support From IMF

By James Anyanzwa

The International Monetary Fund (IMF) plans to release $244 million to Kenya to finance its budget “in the coming weeks” after its staff expressed their satisfaction with Nairobi’s economic reforms in the face of Covid-19.

The IMF said its staff are satisfied with the progress that the Kenyan government is making in its economic reform programmes, and the deal now awaits endorsement by the Fund’s management and board.

Photo courtesy of klndonnelly.

Source: The Eastern African (link opens in a new window)

Agriculture, Coronavirus, Investing
financial inclusion, impact investing