{"id":25301,"date":"2021-04-03T20:05:16","date_gmt":"2021-04-03T20:05:16","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=25301"},"modified":"2021-04-03T20:05:16","modified_gmt":"2021-04-03T20:05:16","slug":"kenya-secures-new-ksh-255-billion-imf-loan","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan","title":{"rendered":"Kenya Secures New Ksh 255 Billion IMF Loan"},"content":{"rendered":"<p><strong>AfricaPress-Kenya:<\/strong> The executive board of the International Monetary Fund (IMF) on Friday, April 2 approved a Ksh255 billion for Kenya.<\/p>\n<p>Kenya will use the loan to curb the Covid-19 pandemic\u00a0and reducing debt vulnerabilities. IMF will offer the loan in instalments for three years.<\/p>\n<p>Approval of the loan under the fund\u2019s Extended Credit Facility and Extended Fund Facility,\u00a0ECF\/EFF, will enable the immediate disbursement of Ksh33.5 billion which can be used for budget support.<\/p>\n<article data-align=\"center\">\n<div><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.kenyans.co.ke\/files\/styles\/article_inner_mobile\/public\/images\/media\/Treasury%20CS%20Ukur%20Yattani%20%28right%29%20with%20a%20representative%20of%20the%20Japanese%20government%20pose%20for%20a%20photo%20after%20agreeing%20on%20a%20loan%20deal%20at%20the%20Treasury%20Buildings%20on%20February%2027%2C%202020..jpg?itok=kkqRCOaE\" alt=\"Treasury CS Ukur Yattani (right) with a representative of the Japanese government pose for a photo after agreeing on a loan deal at the Treasury Buildings on February 27, 2020.\" width=\"470\" height=\"545\" \/><\/div>\n<div>Treasury CS Ukur Yatani (right) with a representative of the Japanese government pose for a photo after agreeing on a loan deal at the Treasury Buildings on February 27, 2020.<\/div>\n<div><\/div>\n<\/article>\n<p>According to the IMF, Kenya\u2019s loan remains sustainable, but the country is at high risk of debt distress and the authorities should focus their near-term agenda on urgent structural policy challenges.<\/p>\n<p>\u201cThe Kenyan authorities have demonstrated a strong commitment to fiscal reforms during this unprecedented global shock, and Kenya\u2019s medium-term prospects remain positive.<\/p>\n<p>\u201cThe program supported by EFF\/ECF arrangements with the Fund provides a strong signal of support and confidence,\u201d IMF Deputy Managing Director,\u00a0Antoinette Sayeh, said in a statement.<\/p>\n<p>With a forceful policy response, the Kenyan economy which was hit hard by Covid-19 since March 2020, has been picking up heading to 2021 after posting a slight contraction of 0.1 in 2020.<\/p>\n<p>In order to address risks related to debt, the Kenyan government has taken action to hold the fiscal deficit and debt ratios to 8.7 and 70.4 percent of the GDP, respectively this fiscal year.<\/p>\n<p>\u201cThe Central Bank of Kenya\u2019s (CBK) proactive policy stance has provided essential support during a very challenging period.<\/p>\n<p>\u201cMonetary policy should remain accommodative in the context of the inflammation targeting regime, the exchange rate should continue to function as a shock absorber and close supervision of credit risks and provisioning should be maintained,\u201d Sayeh said.<\/p>\n<p>Kenya, for nearly two years, has abandoned expensive commercial\u00a0debt in order to cut down on repayments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AfricaPress-Kenya: The executive board of the International Monetary Fund (IMF) on Friday, April 2 approved a Ksh255 billion for Kenya. Kenya will use the loan to curb the Covid-19 pandemic\u00a0and reducing debt vulnerabilities. IMF will offer the loan in instalments for three years. Approval of the loan under the fund\u2019s Extended Credit Facility and Extended [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":25287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8],"tags":[1539,8082],"class_list":["post-25301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-covid-19","tag-imf-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kenya Secures New Ksh 255 Billion IMF Loan - kenya<\/title>\n<meta name=\"description\" content=\"The executive board of the International Monetary Fund (IMF) on Friday, April 2 approved a Ksh255 billion for Kenya.Kenya will use the loan\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya Secures New Ksh 255 Billion IMF Loan\" \/>\n<meta property=\"og:description\" content=\"The executive board of the International Monetary Fund (IMF) on Friday, April 2 approved a Ksh255 billion for Kenya.Kenya will use the loan\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-03T20:05:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/Ukur-tatani-budget.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"470\" \/>\n\t<meta property=\"og:image:height\" content=\"235\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kenya Secures New Ksh 255 Billion IMF Loan\",\"datePublished\":\"2021-04-03T20:05:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan\"},\"wordCount\":327,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/Ukur-tatani-budget.jpg\",\"keywords\":[\"COVID-19\",\"IMF Loan\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan\",\"name\":\"Kenya Secures New Ksh 255 Billion IMF Loan - kenya\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/Ukur-tatani-budget.jpg\",\"datePublished\":\"2021-04-03T20:05:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The executive board of the International Monetary Fund (IMF) on Friday, April 2 approved a Ksh255 billion for Kenya.Kenya will use the loan\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/Ukur-tatani-budget.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/Ukur-tatani-budget.jpg\",\"width\":470,\"height\":235},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/kenya\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kenya Secures New Ksh 255 Billion IMF Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/\",\"name\":\"kenya\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kenya Secures New Ksh 255 Billion IMF Loan - kenya","description":"The executive board of the International Monetary Fund (IMF) on Friday, April 2 approved a Ksh255 billion for Kenya.Kenya will use the loan","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan","og_locale":"en_US","og_type":"article","og_title":"Kenya Secures New Ksh 255 Billion IMF Loan","og_description":"The executive board of the International Monetary Fund (IMF) on Friday, April 2 approved a Ksh255 billion for Kenya.Kenya will use the loan","og_url":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan","og_site_name":"kenya","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-04-03T20:05:16+00:00","og_image":[{"width":470,"height":235,"url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/Ukur-tatani-budget.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Kenya Secures New Ksh 255 Billion IMF Loan","datePublished":"2021-04-03T20:05:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan"},"wordCount":327,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/Ukur-tatani-budget.jpg","keywords":["COVID-19","IMF Loan"],"articleSection":["all news","economy","head lines","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan","url":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan","name":"Kenya Secures New Ksh 255 Billion IMF Loan - kenya","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/Ukur-tatani-budget.jpg","datePublished":"2021-04-03T20:05:16+00:00","author":{"@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The executive board of the International Monetary Fund (IMF) on Friday, April 2 approved a Ksh255 billion for Kenya.Kenya will use the loan","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#primaryimage","url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/Ukur-tatani-budget.jpg","contentUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/Ukur-tatani-budget.jpg","width":470,"height":235},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-secures-new-ksh-255-billion-imf-loan#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/kenya\/"},{"@type":"ListItem","position":2,"name":"Kenya Secures New Ksh 255 Billion IMF Loan"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/kenya\/#website","url":"https:\/\/www.africa-press.net\/kenya\/","name":"kenya","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/25301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/comments?post=25301"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/25301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media\/25287"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media?parent=25301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/categories?post=25301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/tags?post=25301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}