The IMF approves an extra USD264 million in aid to Kenya's economic recovery.
After the end of a second review, the International Monetary Fund gave Kenya the go ahead to receive an additional of more than twenty-nine billion Kenyan shillings. 264 million USD. The review on Kenya’s National Treasury, extended credit facility and extended fund systems proved that the country remains vigilant in ensuring positive economic reforms despite the complex socio-economic limitations accentuated by the Corona pandemic. This new credit amount brings the total funds the country will have received from the IMF in the year 2021 to 984 million dollars.
Simon Rick 
After the end of a second review, the International Monetary Fund gave Kenya the go ahead to receive an additional of more than twenty-nine billion Kenyan shillings. 264 million USD. The review on Kenya’s National Treasury, extended credit facility and extended fund systems proved that the country remains vigilant in ensuring positive economic reforms despite the complex socio-economic limitations accentuated by the Corona pandemic. This new credit amount brings the total funds the country will have received from the IMF in the year 2021 to 984 million dollars.
Source: Kenya Premium
Ukur Yatani, Kenya’s Treasury Cabinet Secretary, said the IMF’s positive outlook for the country’s economy comes after a review of the country’s three-year economic program. The program, according to the secretary, enables a ring-fencing structure on spending, especially on social financing and support for those affected by calamities such as drought. The IMF applauds the country’s efforts to mitigate the spread of the COVID-19 virus. The IMF attributes incoming economic revitalization to a number of factors, key among them, the country’s vaccination endeavors.
Source: Kenya Wallstreet
