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June 29, 2022

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IMF and Ivory Coast reaches US$1.3B resilience, sustainability facility agreement

The International Monetary Fund said last week that it had reached a staff level agreement with Ivory Coast for a $1.3 billion programme to fight climate change supported by the fund’s Resilience and Sustainability Facility. Ivory Coast, the world’s top cocoa grower, is exposed and vulnerable to climate change, the IMF said in a statement. …

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IMF

Kenya gets US$685M from IMF ahead of eurobond maturity

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 …

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