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IMF identifies 51 projects to benefit from Eurobond

International Monetary Fund (IMF) Managing Director Kristalina Georgieva (AP Photo/Jose Luis Magana)

The International Monetary Fund (IMF) has identified 51 projects where Kenya will be expected to invest a Sh248 billion Eurobond loan.

In what are steps clearly aimed at preventing a repeat of the opaque spending of the previous Eurobond loan, the government will be required to spend the money on high-yielding projects aimed at spurring growth and reducing poverty.

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