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