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Kenya to get another Sh28b loan from IMF

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People Daily | by John Otini


Kenya would have access to another $244 million (Sh28 billion) in financing from the International Monetary Fund (IMF) to help the country weather external price shocks following a staff level agreement reached last week.

The agreement which is part of the $2.3 billion Special Drawing Right (SDR) approved in April last year, is subject to approval of IMF management and the Executive Board in the coming weeks…

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