Tag: Shocks

Kenya secures $1.5 bln IMF standby facilities in case of shocks

Tue Mar 15, 2016/Reuters The International Monetary Fund (IMF) has approved two-year standby facilities for Kenya worth about $1.5 billion, which can be drawn on if the East African nation faces unforeseen shocks. “The Kenyan authorities have indicated that they will continue to treat both arrangements as precautionary,” the IMF […]