Kenya has yet again reached out to International Monetary Fund (IMF) to help fight the coronavirus pandemic.
IMF resident representative Tobias Rasmussen said the government had asked the for another loan following the $739 million (Sh79.3) billion received in May that Kenya sought to help it respond to the economic shocks caused by the global pandemic.
“Following up on the support provided by the IMF in May under our Rapid Credit Facility (RCF), the Kenyan authorities have expressed interest in a Fund arrangement. IMF staff is in discussions with the authorities toward such an arrangement,” Mr Rasmussen told one of the local dailies.
This comes amid a surge in Covid-19 cases in the country, with more than 100 deaths reported in the last one week and total recorded cases in the country at 56, 601 as at Monday November 2.
This will be the second time in less that six months that Kenya has approached IMF for budget support during the Corona virus pandemic.
View Comments
Great African icon who was frustrated by western powers just to depict him as a failed statesman due to his unrelenting support to africans
Your Comment .rest in peace my best African president.i will dearly miss your words of wisdom more especially on Facebook.
Your Comment ooh mzee go rest in peace.
If Mugabe is dead everybody must die!Rest in peace
Your Commentrip bib Robert mugabe
Your Comment..y raila tumechoka na siasa ya baba na mama ruto state house kwanza mraithe jua huyo Ruto ndie amefanya Uhuru akapata prezo wacha wivu
Your Comment
let the dynasty grouped themselves,so that we can slaughter them at once.
When Murathe says "we" I wonder who it is that he is referring to. Anyway, I believe the road to state house for Dr.WSR might be bumpy but surely the Murathe's of this country can't stop Dr.WSR from getting there! I MIGHT BE WRONG BUT I AM RIGHT.
wow!very captivating news to read, thanks
Your Comment- well done for being smart in bed mheshimiwa,but also be smart in development for your constituents,so that you can excel in all aspects.