CBK eyes World Bank loans to boost forex reserves

 Central Bank of Kenya

The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG
 

Kenya is eyeing loans from the International Monetary Fund (IMF), the World Bank Group and rich countries to lift its foreign-exchange reserves that dipped below the set minimum level for the first time since 2015.

The Central Bank of Kenya (CBK) said yesterday that the expected flow of foreign loans would return the import cover to above the target level.

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