30 December 2022
The IMF Executive Board today approved the disbursement of $447.39 million (includes $215.81 million in additional low-cost financing) to Kenya under the current arrangement with the IMF to support the country’s reform program.
Kenya’s economy remains resilient despite global challenges and is making progress under the IMF-supported program. The economy will grow at 5.3% in 2022, public debt has begun leveling off as a share of GDP and the medium-term outlook remains favorable.
More in our press release and updated Q&As here.
Press Release: https://bit.ly/3PFZ2av
The Diplomatic Informer
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