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Kenya Staggers $1.5 Billion UAE Loan on IMF Funding Concerns

Kenya plans to draw down on a $1.5 billion loan agreed with Abu Dhabi in tranches to remain within borrowing thresholds set in an International Monetary Fund program, according to people familiar with the matter.

Posted by Hicham ALAOUI RIZQ on 2024, Nov 22

Introduction

Kenya plans to draw down on a $1.5 billion loan agreed with Abu Dhabi in tranches to remain within borrowing thresholds set in an International Monetary Fund program, according to people familiar with the matter.

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