IMF approves 24-month $1.5 bln standby facilities for Kenya - CNBC Africa

IMF approves 24-month $1.5 bln standby facilities for Kenya

East Africa

by Reuters 0

IMF approves 24-month $1.5 bln standby facilities for Kenya. PHOTO: Flickr

The International Monetary Fund (IMF) has approved two-year standby credit facilities for Kenya worth about $1.5 billion, it said late on Monday.

"The Kenyan authorities have indicated that they will continue to treat both arrangements as precautionary," the fund said on its website.

 

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