Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Public Management

Kenya Negotiates $1.1 Billion in Financial Support from Bretton Woods Institutions

Tuesday, 24 March 2020 15:19
Kenya Negotiates $1.1 Billion in Financial Support from Bretton Woods Institutions

(Ecofin Agency) - 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
 
Finance


 
Mining


 
Telecom


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.