The International Monetary Fund (IMF) has approved a disbursement of Sh78 billion (US$605 million) to assist Kenya in bolstering its fiscal and external buffers and enhancing resilience to climate-related shocks.
The International Monetary Fund has approved a disbursement of Sh78 billion to assist Kenya in bolstering its fiscal and external buffers and enhancing resilience to climate-related shocks.
The RSF, approved in July 2023, specifically targets climate challenges, seeking to catalyze private climate finance. IMF's First Deputy Managing Director Gita Gopinath highlighted the resilience of Kenya's economy, which has maintained growth above the regional average.
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