The government is eyeing a drawdown of about $600 million (Sh77.9 billion) from the International Monetary Fund (IMF) when the institution’s executive board approves the seventh review of Kenya’s medium-term funding programme.
Central Bank of Kenya (CBK) Governor Kamau Thugge said yesterday that the IMF drawdown is part of the revised external borrowing target of Sh360 billion in the current year, with the government confident that it will meet revenue and fiscal deficit performance targets to unlock the funding.
