Author: Newsdesk

The International Monetary Fund (IMF) said it has approved almost one billion U.S. dollars for Kenya to help the East African country reduce debt vulnerabilities and tackle climate change. The IMF approved 415.4 million dollars under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements, which are designed to revive its economy and boost its foreign exchange reserves. IMF said the loan was an arrangement under the Resilience and Sustainability Facility (RSF) amounting to 551.4 million dollars to support Kenya’s ambitious efforts to build resilience to climate change. “The RSF-supported programme is expected to further integrate climate-related considerations…

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