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Soft Loans

IMF approves $209 Million Loan to Kenya

31 May 2009

On May 30 the International Monetary Fund (IMF) approved a loan of $209 million USD, the equivalent of 16 billion KSH, to stock up foreign currency at the Central Bank of Kenya. Targeted to help Kenya recovering from the impact of the worldwide financial situation and it’s affect on the countries microeconomic stance, this IMF [...]

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