Kenya debt pressure rises as IMF loans hit Sh110bn

Antoinette Sayeh

International Monetary Fund (IMF) Managing Director Antoinette Sayeh.

Photo credit: File | Nation Media Group

What you need to know:

  • International Monetary Fund disbursed an additional Sh29 billion on Friday.
  • Lender says the money is meant to help the country recover from Covid fallout.

Kenya’s budgetary support loans from the International Monetary Fund (IMF) have hit Sh110 billion this year after the lender disbursed an additional Sh29 billion on Friday to help the country recover from the economic fallout from the Covid-19 crisis.

Welcome!

You're all set to enjoy unlimited Prime content.