Kenya: Govt Agrees With IMF to Unlock 126.05bn Financing

Nairobi — The government has reached a staff-level agreement with the International Monetary Fund (IMF), which intends to pave the way for the disbursement of $976 million (Sh126.05 billion).

According to the IMF, the agreement will be part of a comprehensive policy package needed to complete the seventh review of Kenya’s economic program under the Anti-Money Laundering and Countering the Financing of Terrorism EFF/ECF arrangements.

“If approved by the IMF’s Executive Board, the total remaining…