IMF rescues Kenya from Sh300bn Eurobond scare


President William Ruto with the IMF Managing Director, Kristalina Georgieva. FILE PHOTO | PCS

The International Monetary Fund (IMF) has moved to rescue Kenya from plunging into a financial crisis after the global lender confirmed that it was mobilising funds to help the country repay its $2 billion Eurobond maturing in June next year.

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