IMF approves $235.6 million disbursement to Kenya on loan review

The IMF said its executive board approved a $235.6 million disbursement to Kenya on Monday.

It approved a third review of the country’s Extended Credit Facility.

The disbursement is usable for budget support and brings such payouts to $1.208 billion under the 38-month arrangements.

“Kenya’s economy has rebounded strongly in a challenging environment and is projected to grow 5.7% in 2022,” the IMF said.

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