Kenya eyes W Bank loan after Sh78bn IMF ‘breather’

The National Treasury building in Nairobi. FILE PHOTO | NMG

Kenya has received a Sh78.4 billion ($739 million) loan from the International Monetary Fund (IMF) to help Kenya cushion the economy from the fallout caused by the Covid-19 pandemic.

The National Treasury, which announced in March it was seeking Sh122.5 billion ($1.15 billion) emergency funding from the IMF and the World Bank to support its virus-damaged economy, said yesterday the Sh78.4 billion would provide a "breathing space".

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