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IMF slaps tough terms on Kenya loan offer

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Nation | by Brian Ngugi


The government is in urgent need of cash for its annual budget support and will therefore have to implement tough conditions imposed by international lending institutions, Treasury Permanent Secretary Julius Muia has said.

Dr Muia, in an interview yesterday, said Kenya is seeking a quick-disburse loan from the International Monetary Fund (IMF) to top up the public purse, which has taken a battering from the Covid-19 pandemic…

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