Kenya eyes big IMF disbursement on fund delay

The Central Bank Governor Dr Kamau Thugge.

Photo credit: File | Nation Media Group

Kenya expects to receive a sizeable loan disbursement from the International Monetary Fund (IMF) by the end of the year following ongoing talks with the multilateral lender to combine the delayed seventh and eighth reviews of its cash support programme for Nairobi.

The twin disbursements could see Kenya receive the bulk of Sh126 billion ($976 million) in total remaining access from the programme, which lapses in April next year.

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