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International Monetary Fund says Kenya now more likely to default loans

President Uhuru Kenyatta (PHOTO: FILE)

NAIROBI, KENYA: Kenya is two steps away from experiencing difficulties in repaying her debts, an international lender has warned.

In a report released on Tuesday, the International Monetary Fund (IMF) noted that the country’s risk of defaulting on debt repayment had increased from low to moderate.

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