IMF Approves $150 Billion Loan to Kenya, Its Largest Ever, to Aid Debt Relief and Economic Reforms
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IMF approved $150 billion loan to Kenya, its largest yet, to help manage debt payments and economic stability.
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Loan puts Kenya into IMF's Exceptional Access Window due to large size and repayment uncertainties.
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IMF sees Kenya's economic struggles tied to global conditions rather than domestic policies.
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Progress on privatizing state-owned enterprises like Kenya Power and Airways is slow but ongoing.
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New Resilience and Sustainability Facility from IMF focuses on climate finance reforms in Kenya.