Kenya will borrow syndicated loans amounting to Sh110.7 billion for budgetary support and replenish its dwindling reserves of dollars by end of June, a report by the International Monetary Fund (IMF) shows.
Of the $900 million (Sh110.7 billion), the Treasury has agreed on the terms for Sh36.9 billion, as the country reverses its stance against borrowing from commercial banks.
