Kenya has cut back on its planned borrowing from the International Monetary Fund (IMF) by 7.2 percent to Sh465.4 billion ($3.6 billion) after partial repayment of the debut Eurobond that unnerved global investors.
This comes weeks after the country’s budget support from the World Bank was reduced in size by 20 percent to Sh155.2 billion ($1.2 billion).
