The Central Bank of Kenya (CBK) is set to dip afresh into its usable foreign currency reserves before the end of this month as billions in foreign debt repayments come due, just weeks after a dollar injection from the proceeds of an International Monetary Fund (IMF) loan lifted the country’s import cover above its minimum threshold.
The external debt service obligations this month — combining interest and principal repayments —stand at Sh63 billion ($506.7 million), a World Bank tracker on public debt shows.
