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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).

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