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IMF approves $606m loan for Kenya
IMF says the funds will support the government's efforts in rebuilding fiscal buffers and resilience to climate shocks.
https://www.theeastafrican.co.ke/tea/business-tech/imf-approves-606m-for-kenya-4806446
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Great news. These funds will play a crucial role in supporting communities and economies affected by extreme weather events, ultimately contributing to resilience and sustainability.
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We would urge the IMF to also ensure disbursed funds are used for the intended purposes.
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This funding is crucial as Kenyan authorities face the challenge of boosting economic revenue while managing debt and overcoming climate-related impacts.
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If these funds would be used for the intended purposes, the affected citizens sufferings could be alleviated and cushioning and resilient measures be put in place.
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Funds channelled to climate will play a crucial role in the fight against the crisis
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This is great .if all the funds allocated to dealing with the issue of climate change were used to combat the effects of climate change... Change will be realized Sooner.
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@rosebellendiritu Let us hope the Kenyan government is aware that this is a loan and they use it prudently.
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@Kevin True.At some point it needs to be paid back, but will it have been well invested??