IMF now releases Sh15bn to support shilling’s recovery
13 December 2011, 13:19
The International Monetary Fund has disbursed Sh15 billion ($144
million) to help Kenya shore up its foreign exchange reserves, adding
impetus to the recovery of the shilling against hard currencies after it
hit historic lows in October.
Announcing the release, IMF said it had extended
the amount available under the extended credit facility (ECF) to Sh68
billion ($761 million).
For more visit Business Daily
Get the latest news by following us on Twitter