The International Monetary Fund (IMF) is set to raise Kenya’s cash quota, giving it more headroom to access additional funding and boost its dwindling foreign exchange reserves.
The Business Daily has learnt that the Executive Board of the IMF, the highest decision-making organ of the Washington-based global lender will on Monday increase the quota allocation of special drawing rights (SDRs) for its different member countries with Kenya tipped to be a major beneficiary.
