Nation | by Paul Wafula
The International Monetary Fund (IMF) has approved a Sh257 billion loan for Kenya, which will come with a raft of conditions for Nairobi, as the Washington based lender returns to be at the centre of Kenya’s economic policy.
The loan would help Nairobi deal with Covid-19 related funding shortages, fund structural reforms as well as address the urgent need to reduce Kenya’s debt vulnerabilities.
The IMF said its executive board had approved the 38-month financing plan under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF)…
