Kenya confident of securing IMF loan facility

Dr Geoffrey Mwau
Dr Geoffrey Mwau
Kenya says it’s almost reached an agreement with the International Monetary Fund on a new standby loan facility.

Discussion on the facility comes as Kenya is said to plan to offer $2 billion (Sh202 billion) of Eurobonds in the first half of this year, according to two people familiar with the matter.

“We are more or less in agreement on the facility,” Geoffrey Mwau, director general for budget, fiscal and economic affairs at the National Treasury, said Friday in an interview.

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