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IMF, Kenya agree on Sh63bn-plus precautionary loan deal

Kenya and the International Monetary Fund agreed on a stand-by loan deal to support the country's economic reforms and give it a cushion against outside shocks, the IMF said on Thursday.

The fund added that Kenya plans to treat the loan, which would total $700 million to $750 million (Sh63 billion to Sh67.5 billion), as precautionary.

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