IMF Executive Board approves US$739 million to help Kenya address the economic impact of COVID19.

AU5

Elder Lister
IMF Executive Board Approves a US$739 Million Disbursement to Kenya to Address the Impact of the COVID-19 Pandemic
May 6, 2020

  • The IMF approved the disbursement of US$739 million to be drawn under the Rapid Credit Facility to support the authorities’ response to the COVID-19 pandemic.
  • The COVID-19 pandemic is taking a serious toll on the Kenyan economy, significantly reducing growth, creating fiscal and external financing needs.
  • It is important that the authorities resume their fiscal consolidation plans to reduce macroeconomic vulnerabilities once the crisis abates.
 
Aren't these the guys who want the criminal Kenyan govt tax everything including the air we breathe?
Arent these the fuckers who give loans to developing countries at a higher interest rates than the developed ones?
We had no option but to eat a humble pie. We'll soon have a date with fate
 
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of Sh78.3 Billion to be drawn under the Rapid Credit Facility (RCF) to meet Kenya’s urgent balance of payments need stemming from the outbreak of the COVID-19 pandemic.
 
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