IMF reaches staff-level deal with Kenya for release of 410 mln USD loan

NAIROBI, May 23 (Xinhua) -- The International Monetary Fund (IMF) said Tuesday it has reached a staff-level agreement with Kenya, paving the way for the immediate release of a 410-million-U.S. dollar loan.

The IMF said the agreement on economic policies and reforms now concludes the fifth review of Kenya's extended credit facility (ECF) and extended fund facility (EFF) arrangements which were approved in 2021.