Kenya expects IMF Sh263bn loan approval from next week

Dr Patrick Njoroge, Central Bank of Kenya governor. FILE PHOTO | NMG

Kenya expects the first batch of $2.4 billion (Sh263.33 billion) new International Monetary Fund financing programme to be approved and wired next week, giving a boost to government’s response to Covid-19 fight.

The Central Bank of Kenya governor Patrick Njoroge said some $314 million (Sh34.45 billion) were likely to be disbursed after the IMF’s board meeting on Friday.

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