Kenya to get Sh263bn IMF loan in Covid budget relief

Treasury CS Ukur Yatani. FILE PHOTO | NMG

Kenya will receive a $2.4 billion (Sh262.56 billion) loan from the International Monetary Fund (IMF) for budget support to weather the coronavirus economic hardships.

International Monetary Fund (IMF) Tuesday said that the two have inked the deal for the 38-month credit facility whose disbursement will start in the coming weeks.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.