{"id":77980,"date":"2022-12-20T15:29:05","date_gmt":"2022-12-20T15:29:05","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-approves-disbursement-of-447-39-million-to-kenya"},"modified":"2022-12-20T16:25:53","modified_gmt":"2022-12-20T16:25:53","slug":"imf-approves-disbursement-of-447-39-million-to-kenya","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-approves-disbursement-of-447-39-million-to-kenya","title":{"rendered":"IMF approves disbursement of $447.39 Million to Kenya"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>The board of the International Monetary Fund, IMF, has approved the release of $447.39 million to Kenya, the fund announced on Tuesday.<\/b><\/p>\n

The fund stated in a statement<\/b> that efforts toward fiscal consolidation had caused Kenya\u2019s public debt to \u201clevel off,\u201d and it added that it had given extra money under an existing facility.<\/p>\n

In April of last year, the IMF and the East African country agreed to a 38-month financing arrangement under its extended fund facility and extended credit facility. The most recent payment brings the total to $1.65 billion.<\/p>\n

According to the IMF, Kenya would now receive a total of $2.416 billion from the present agreement. The increase was agreed upon by both parties last month to cover expenses for external finance \u201cdue to the drought and difficult global financial conditions\u201d.<\/p>\n

Ghana’s president Akufo Addo urges Africa to stop ‘begging’ https:\/\/t.co\/FB4inXDlPE<\/p>\n

President William Ruto, who took office in September, intends to eliminate costly commercial borrowing in favour of less expensive sources like the World Bank to lessen the burden that debt servicing puts on revenue.<\/p>\n

This is coming after the IMF announced that it would release $3 billion to Ghana by the first quarter of 2023, according to Finance Minister, Ken Ofori-Atta.<\/p>\n

The Minister claims that the medium-term macro-economic framework, structural reforms, and important fiscal measures included in the 2023 Budget are in line with the IMF-supported Programme.<\/p>\n

On economic policies and reforms, Ghana has secured a staff-level agreement that will be supported by a three-year arrangement under the Extended Credit Facility.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. The board of the International Monetary Fund, IMF, has approved the release of $447.39 million to Kenya, the fund announced on Tuesday. The fund stated in a statement that efforts toward fiscal consolidation had caused Kenya\u2019s public debt to \u201clevel off,\u201d and it added that it had given extra money under an […]<\/p>\n","protected":false},"author":84,"featured_media":77979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[6857,7003,543,544,8580,312],"class_list":["post-77980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-kenya","tag-imf","tag-kenya","tag-nana-akufo-addo","tag-william-ruto"],"yoast_head":"\nIMF approves disbursement of $447.39 Million to Kenya - kenya<\/title>\n<meta name=\"description\" content=\"The board of the International Monetary Fund, IMF, has approved the release of $447.39 million to Kenya, the fund ann ...\" \/>\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\/all-news\/imf-approves-disbursement-of-447-39-million-to-kenya\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF approves disbursement of $447.39 Million to Kenya\" \/>\n<meta property=\"og:description\" content=\"The board of the International Monetary Fund, IMF, has approved the release of $447.39 million to Kenya, the fund ann ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-approves-disbursement-of-447-39-million-to-kenya\" \/>\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=\"2022-12-20T15:29:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-20T16:25:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/12\/postQueueImg_1671538579.42.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"538\" \/>\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\/all-news\/imf-approves-disbursement-of-447-39-million-to-kenya#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-approves-disbursement-of-447-39-million-to-kenya\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF approves disbursement of $447.39 Million to Kenya\",\"datePublished\":\"2022-12-20T15:29:05+00:00\",\"dateModified\":\"2022-12-20T16:25:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-approves-disbursement-of-447-39-million-to-kenya\"},\"wordCount\":273,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-approves-disbursement-of-447-39-million-to-kenya#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/12\/postQueueImg_1671538579.42.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"IMF\",\"Kenya\",\"Nana Akufo Addo\",\"William Ruto\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-approves-disbursement-of-447-39-million-to-kenya#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-approves-disbursement-of-447-39-million-to-kenya\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/imf-approves-disbursement-of-447-39-million-to-kenya\",\"name\":\"IMF approves disbursement of $447.39 Million to Kenya - 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