IMF agrees to $235.6M disbursement to Kenya; greenlights $1 bn loan to Tanzania
The Executive Board of the International Monetary Fund (IMF) completed Monday the third reviews under the 38-month arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements. The Board’s decided to allow an immediate disbursement of SDR 179.13 million (about US$235.6 million), usable for budget support. Which brings Kenya’s total disbursements for budget support to about…
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