Decision confirms IMF staff recommendation in November Yields on Kenya’s 2024 eurobond fall after deal confirmed
The International Monetary Fund agreed to immediately disburse $684.7 million to Kenya, boosting the country’s foreign-exchange reserves before a critical eurobond repayment due in June.
The money includes $624.5 million from an expanded program agreed with the Washington-based lender last year and $60.2 million from its so-called Resilience and Sustainability Facility, the IMF said in a statement Wednesday following an executive board meeting.
Source: Bloomberg
