Business Daily | by Constant Munda
Kenya expects the first batch of $2.4 billion (Sh263.33 billion) new International Monetary Fund financing programme to be approved and wired next week, giving a boost to government’s response to Covid-19 fight.
The Central Bank of Kenya governor Patrick Njoroge said some $314 million (Sh34.45 billion) were likely to be disbursed after the IMF’s board meeting on Friday.
Kenya and the IMF mid-February reached a staff-level agreement for the 38-month credit facility whose disbursement will come in phases…
