IMF: Why we gave Kenya Sh255 billion loan
IMF statement on the extension of the Kenyan loan outlines what the funds will go towards in the next 38 months.
Kenyans petition IMF to stop loaning country after approval of Sh257bn facility
![The International Monetary Fund has approved immediate debt service relief for 19 African countries for an initial period of six months. [PHOTO | COURTESY]](https://k24.digital/wp-content/uploads/2020/04/imf.jpg)
Kenyans online have quoted President Uhuru Kenyatta’s statement that the country loses two billion shillings daily to corruption.
IMF approves Sh78.4bn loan to shield Kenya economy from Covid-19 shock
So far, Kenya had 581 Covid-19 cases, with two key markets in its two cities having been put on lockdown to curb the spread of the novel coronavirus.
Yatani says Sh6.2 trillion public debt affordable, still space for extra borrowing
Despite borrowing level being at 58 per cent of GDP, Treasury maintains that the debt is manageable and affordable.