Kenya.- The IMF approves a new entry for Kenya worth 230 million euros

10-14-2021 Kenyan President Uhuru Kenyatta in a meeting with his American counterpart, Joe Biden, at the White House. POLICY TWITTER @POTUS


The International Monetary Fund (IMF) has approved late this Friday a new entry of 230 million euros for Kenya, as part of the total package of 2,000 million approved in April, after positively evaluating the initiatives of the African country to combat vulnerability of its debt, as well as its response against the coronavirus.

This new delivery increases the IMF money received by Kenya to 950 million dollars, thanks to the “commitment to reform” exhibited by the authorities of the African country, according to a statement published late on Friday by the organization.

The fund estimates that Kenya’s economy will grow 5.9% this year, partly thanks to the acceleration of the national vaccination program, although uncertainty and pressures related to the pandemic will persist until vaccines are widely available.

“Kenya’s medium-term outlook remains positive, and the authorities’ continued commitment to its economic program is essential to maintaining macroeconomic balance, while ensuring more sustainable, greener and inclusive growth,” said the Deputy Managing Director. from the IMF, Antoinette Sayeh.

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