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IMF loans Kenya Sh28 billion as SGR debt repayments fall due

IMF entrance with sign of International Monetary Fund and logo. [iStockphoto]

The International Monetary Fund (IMF) has disbursed some $235.6 million (Sh28 billion) to Kenya as part of a programme aimed at helping the country address its debt vulnerabilities.

This brings to an end the long wait for the third disbursement of the $2.34 billion (Sh276.8 billion) under the programme, with the National Treasury expected to use the money for budgetary support.

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