Balanced News: IMF approves disbursement of $447.39 Million to Kenya

The board of the International Monetary Fund, IMF, has approved the release of $447.39 million to Kenya, the fund announced on Tuesday. In April of last year, the IMF and the East African country agreed to a 38-month financing arrangement under its extended fund facility and extended credit facility. This is coming after the IMF announced that it would release $3 billion to Ghana by the first quarter of 2023, according to Finance Minister, Ken Ofori-Atta.