The approval of $684.7 million disbursement to Kenya recently by the International Monetary Fund (IMF) is set to ease concerns over Kenya’s ability to pay its first Eurobond, which matures in June.

The new funds which are expected to hit the accounts of the Central Bank of Kenya (CBK) immediately are part of the $941.2 million from the augmentation/expansion of resources under the fund’s multi-year arrangement with Kenya.

For more information, please see https://www.theeastafrican.co.ke/tea/business/imf-approves-685m-new-funding-to-kenya-4495622