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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

IMF Reaches Staff Level Agreement on the Third Review of the Extended Fund Facility and Extended Credit Facility for Kenya

A staff team from the International Monetary Fund (IMF) led by Mary Goodman, conducted a hybrid mission to Kenya and in Washington DC from March 31 – April 22

IMF staff and the Kenyan authorities have reached a staff-level agreement on economic policies to conclude the third reviews of the 38-month EFF/ECF financed program. Kenya would have access to about US$244 million in financing once the review is formally completed by the IMF Executive Board. The economic rebound is…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

IMF Reaches Staff Level Agreement on the Second Reviews of the Extended Fund Facility and Extended Credit Facility for Kenya and Discusses the 2021 Article IV Consultation

Kenya would have access to about US$264 million in financing once the review is formally completed by the IMF Executive Board

IMF staff and the Kenyan authorities have reached a staff-level agreement on economic policies to conclude the second reviews of the 38-month EFF/ECF financed program. Kenya would have access to about US$264 million in financing once the review is formally completed by the IMF Executive Board; Economic rebound continues, building…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus - Kenya: IMF Executive Board Approves a US$739 million Disbursement to Kenya to Address the Impact of the COVID-19 Pandemic

The COVID-19 pandemic is taking a serious toll on the Kenyan economy, significantly reducing growth, creating fiscal and external financing needs

The IMF approved the disbursement of US$739 million to be drawn under the Rapid Credit Facility to support the authorities’ response to the COVID-19 pandemic; The COVID-19 pandemic is taking a serious toll on the Kenyan economy, significantly reducing growth, creating fiscal and external financing needs; It is important that…