This archive report was first published on 7 May 2020.
On May 7, 2020, the International Monetary Fund (IMF) approved a loan of $739m to help Kenya address the economic impact of the COVID-19 pandemic.
The loan is part of the IMF's emergency financing package aimed at supporting countries affected by the pandemic.
Kenya has been one of the countries severely affected by the pandemic, with the government implementing various measures to contain the spread of the virus.
The IMF loan is expected to help Kenya address the economic challenges posed by the pandemic, including a decline in revenue and an increase in expenditure.
The loan will be used to support the government's efforts to mitigate the economic impact of the pandemic and to help the country recover in the long term.
According to the IMF, the loan will be disbursed in two tranches, with the first tranche of $350m to be released immediately and the second tranche of $389m to be released in the coming weeks.
