IMF Approves Kenya’s $236 Million Loan as Country Meets Lender’s Targets
The IMF loan will be used for budget support, bringing Kenya’s total disbursements for budget support so far to about ...
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Tag: International Monetary Fund
Kenya’s Senate Raises Debt Ceiling to Kes 10 Trillion.
Kenya's debt ceiling could soon hit Kes 10 trillion. This is after the Senate gave the country's treasury the green ...
Read moreDetailsIMF Approves Immediate Disbursement of Kes 29.2 Billion ECF Loan to Kenya
IMF Deputy Managing Director and Acting Chairperson of the Executive Board, Antoinette Sayeh, said Kenya had shown remarkable resilience to ...
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IMF Grants Tanzania a $372.4 million Zero Rated Loan
The International Monetary Fund (IMF) has approved a zero-rated $372.4 million loan for Tanzania, aimed at supporting the country’s COVID-19 ...
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IMF Halts Afghanistan from Access to Funds, Loans After Taliban’s Weekend Takeover
The International Monetary Fund (IMF) has said Afghanistan will no longer be able to access the lender’s resources, following the ...
Read moreDetailsKenya Set to Receive 44 Billion Second Tranche from IMF
Cognizant of the continued evolution of the COVID-19 pandemic and its resultants effects on the economy, the IMF has trimmed ...
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Wall Street Stable, S&P 500 Slips as IMF Raises Global Forecast
Volume on wall street stood at 9.65 billion shares, compared with the 12.39 billion average for the full session over ...
Read moreDetailsIMF Approves $2.34 Billion Loan Facility for Kenya
The Executive Board of the International Monetary Fund (IMF) approved 38-month arrangements under the Extended Credit Facility (ECF) and the ...
Read moreDetailsIMF & Kenya Reach Staff Level Agreement on Kes 262.7 billion Loan
The International Monetary Fund (IMF) on Monday said it will soon disburse Kes 262.69 billion (USD 2.4 billion) to the ...
Read moreDetailsKenya Set to Take More Loans from IMF in Bid to Boost Recovery
The government is doing a financial evaluation of as many as nine state companies, including Kenya Airways Plc, Kenya Power and Kenya Electricity Generating ...
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Asia – Pacific Stocks Fall as IMF Slashes Global Forecasts Again
Markets in China and Hong Kong are closed on Thursday for a holiday.
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Fitch Revises Kenya’s Outlook to Negative; Affirms at ‘B+’
The revision of the Outlook on Kenya's IDRs reflects Fitch's view that the coronavirus shock will drive a sharp economic ...
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The World Will Need $20 Trillion Post CoronaVirus – IMF
The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades ...
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National Bank Of Rwanda Drops Lending Rate To 4.5%
The National Bank of Rwanda (BNR) has cut the Central Bank Rate (CBR) from 5% to 4.5% to support commercial ...
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Morning Note: Of Markets & Recession
China moved again to cushion its economy, cutting a key medium-term interest rate to record lows and paving the way ...
Read moreDetailsIMF Grants Debt Relief to Poorest Countries.
Analysts estimate that 76 of the world’s poorest nations, which are eligible to receive the bank’s International Development Association (IDA) ...
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Fitch Says Kenya’s COVID-19 Measures Will Lead to Faster Increase in Debt
Fitch expects Kenya's general government debt to continue rising through FY22 to reach about 70% of GDP. This is higher ...
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We’re now in a Recession – IMF
Greatest health impact has been in advanced economies, but emerging market and developing countries, especially low-income countries, will be hard ...
Read moreDetailsCredit Growth Expected to Rise due to Rate Cap Removal – IMF.
The International Monetary Fund (IMF) has issued a report of the recent visit to Kenya. Led by Benedict Clements, the ...
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