The payment must first be approved by the Board of Governors, which is set to meet in the coming weeks, the International Monetary Fund said in a statement.
The IMF approved a $2.34 billion aid package for Kenya in April, to be disbursed over 38 months, under the Extended Credit Facility and the Extended Fund Facility, the first review of which took place over the last several weeks.“Economic recovery is underway and the easing of the Covid-19 third wave in Kenya suggests activity should continue picking up, but the environment for policymaking remains subject to uncertainty,” the IMF’s statement said.
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