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IMF approves Sh9 billion loan to Kenya

The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of $108.5 million (Sh9 billion) to support Kenya’s balance of payment position.

The amount constitutes the fifth tranche of the $760.6 million (Sh63.12 billion) three-year Extended Credit Facility (ECF) arrangement approved in January 2011.

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