IMF says staff, Kenya reach agreement on loan review, $244 million disbursement

by Aurelia Butler 25 April 2022, 19:37 109 Views

WASHINGTON (Reuters) – The International Monetary Fund said on Monday that its staff reached an agreement with Kenyan authorities on policies to complete the third review of Kenya’s loan program, clearing the way for a $244 million disbursement upon Executive Board approval.

The Fund said in a statement that the payment would bring total disbursements to about $1.18 billion under Kenya’s three-year, $2.34 billion Extended Fund Facility and Extended Credit Facility arrangements approved in April 2021.

Source: Economy - investing.com

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IMF says staff, Kenya reach agreement on loan review, $244 million disbursement

New York legislators to vote on PoW mining moratorium this week

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