Kenya Negotiates $1.1 Billion in Financial Support from Bretton Woods Institutions
Tuesday, 24 March 2020 15:19
Kenya is seeking $1.1 billion from Bretton Woods institutions amid the current pandemic, according to information provided by Bloomberg.
The country is negotiating $750 million in budget support from the World Bank and $350 million in emergency assistance from the International Monetary Fund (IMF). As a reminder, the World Bank recently announced the disbursement of more than $60 million to support the Kenyan government's efforts to combat covid-19.
Sixteen (16) cases of contamination have been confirmed in the country, leading to restrictive measures across the territory.
For 2020, the Central Bank is forecasting growth of 3.4%, down from the 6.2% initially forecasted. A revision due to the envisaged impact of covid-19 on the country's agricultural exports and tourism.
Moutiou Adjibi Nourou
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Ghana Secures $3.5 Billion in Oil Upstream Investments After Five-Year Drought
08:53
-
Adriaan Kruger Leverages Digital Tools to Streamline Clinical Research
08:50
-
AI Entrepreneur Serisha Barrat Democratizes Legal Access in Africa
08:33
-
Ghana Banks on OCTP Project Amidst Oil Production Decline
07:42
-
Senegal Secures $307 Million Investment for Cold Storage Expansion
07:38
-
Rwanda trade deficit narrows 12.5% in Q2 2025 as imports, exports fall
20:42
-
Cabrel Dji brings digital innovation to traditional tontines in Cameroon
18:08
-
Cameroon: Sodecoton Partners Onacc to Combat Climate Change Losses
17:33
-
Norwegian Scatec Consolidates Cameroon Solar Dominance with Second CFA25 Billion Investment
16:39
-
Cameroon Navigates Inflation: 2018-2025 Economic Overview
16:12
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
• Ghana will receive $3.5 billion in upstream oil investments, its first major inflows since 2019.• Tullow, Kosmos and GNPC will invest $2...
• Ghana faces declining oil production and a $3 billion energy sector debt.• The government and partners will optimize the Offshore Cape Three...
• Senegal obtains a $307 million investment for cold storage infrastructure.• The project is a Public-Private Partnership (PPP) with Agricool.• It...
Trade deficit down to $758.9 mln in Q2 2025 from $867.3 mln a year earlier. Exports dropped 35.6%, while imports declined 20.5%...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...