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Kenya The government seeks $2.3 Billion Loan From IMF to Boost Recovery

Kenya The government seeks $2.3 Billion Loan From IMF to Boost Recovery

Kenya is seeking a loan of as much as $2.3 billion from the International Monetary Fund under the lender’s extended fund facility.

Talks on a possible 3 1/2-year loan program are expected to conclude early next year, with Kenya targeting an initial disbursement of about $725 million in the fiscal year that runs through June, National Treasury Cabinet Secretary Ukur Yatani said in an interview.

State also seeks $1 billion to $1.5 billion from World Bank

Finance chief says Kenya yet to decide on G-20 debt initiative

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