The IMF Executive Board on Friday approved a $ 2.34 billion aid package to Kenya
"to address the urgent need to reduce debt vulnerability
,
"
the Bank said. institution in a press release.
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The International Monetary Fund (IMF) specifies that this aid is granted within the framework of the Extended Credit Facility (ECF) and the Extended Financing Facility (EFF).
And it will be spread over a period of 38 months or a little over three years.
The immediate disbursement amount is approximately $ 307.5 million, usable for budget support.