Kenya: IMF to Decide on Kenya’s Ksh77.9 Billion Loan on October 30

Kenya will soon know the outcome of a Ksh77.8 billion ($600 million) disbursement from the International Monetary Fund (IMF), as the executive board is set to review the country’s performance under the current loan programme on Wednesday, October 30.

The seventh review of the $3.9 billion (Ksh506 billion) IMF loan programme, initially agreed upon in 2021, is crucial for the release of the funds. While an agreement was reached between IMF staff and Kenyan officials in June, anti-government…