IMF reaches staff level agreement with Kenya on lending programme -statement

NAIROBI (Reuters) – The International Monetary Fund and Kenya have reached a staff-level agreement with Kenya after its fourth review of its lending programme, the fund said on Tuesday.

The fund said in a statement that under the review of Kenya’s Extended Fund Facility and Extended Credit Facility, the east African economy would have access to about $433 million in financing once the IMF Executive Board formally finishes the review.

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