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NAIROBI, KENYA: Kenya began a dollar bond sale on Wednesday that analysts said could reach $3 billion (Sh300billion), hours after the International Monetary Fund said the country cannot currently access its $1.5 bln (Sh150billion) standby credit facility because conditions have not been met.
Clarifying comments made by its representative in Kenya, Jan Mikkelsen, a day earlier, the IMF said the credit facility would remain in place until March 31 but that access was “subject to policy understandings to complete the outstanding reviews”.
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