Kenya to receive Sh34 billion from the IMF next week

International Monetary Fund (IMF) headquarters in Washington, DC. [AFP]

Kenya will receive about Sh34.4 billion from the International Monetary Fund (IMF) next week as part of the 38-month loan agreement with the Washington-based institution.

In a press briefing yesterday, Central Bank of Kenya (CBK) Governor Patrick Njoroge said the IMF board was expected to approve the Sh262 billion loan agreement on Friday.