{"id":72517,"date":"2021-05-18T13:24:43","date_gmt":"2021-05-18T10:24:43","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=72517"},"modified":"2021-05-18T13:25:08","modified_gmt":"2021-05-18T10:25:08","slug":"imf-to-disburse-410-million-in-aid-to-kenya","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2021\/05\/imf-to-disburse-410-million-in-aid-to-kenya\/","title":{"rendered":"IMF to disburse $410 million in aid to Kenya"},"content":{"rendered":"<p><strong><em>Washington,\u00a0<\/em><span style=\"font-style: inherit\"><em>United States, May 18 &#8211;<\/em> <\/span>The IMF said Monday it had reached an agreement to move forward on the disbursement of $410 million to Kenya as part of an aid package approved in April.\u00a0<\/strong><\/p>\n<p>The payment must first be approved by the Board of Governors, which is set to meet in the coming weeks, the International Monetary Fund (IMF) said in a statement.<\/p>\n<p>The IMF approved a $2.34 billion aid package for Kenya in April, to be disbursed over 38 months, under the Extended Credit Facility and the Extended Fund Facility, the first review of which took place over the last several weeks.<\/p>\n<p>About $307.5 million was immediately dispensed for budget support.<\/p>\n<p>&#8220;Economic recovery is under way and the easing of the Covid-19 third wave in Kenya suggests activity should continue picking up, but the environment for policy making remains subject to uncertainty,&#8221; the\u00a0<strong><em>IMF<\/em><\/strong>&#8216;s statement said.<\/p>\n<p>The statement also hailed Kenyan authorities&#8217; efforts to increase transparency and fight corruption.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington,\u00a0United States, May 18 &#8211; The IMF said Monday it had reached an agreement to move forward on the disbursement of $410 million to Kenya as part of an aid package approved in April.\u00a0 The payment must first be approved by the Board of Governors, which is set to meet in the coming weeks, the [&hellip;]<\/p>\n","protected":false},"author":12327,"featured_media":55072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,687,3],"tags":[934],"coauthors":[],"class_list":["post-72517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kenya","category-top-stories","category-world","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IMF to disburse $410 million in aid to Kenya - Capital Business<\/title>\n<meta name=\"description\" content=\"Washington,\u00a0United States, May 18 - The IMF said Monday it had reached an agreement to move forward on the disbursement of $410 million to Kenya as part Kenya breaking news | Kenya news today |\" \/>\n<meta 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