Kenya is set to receive a significant loan of approximately Ksh244.15 billion from the International Monetary Fund (IMF) by the end of December 2024. This loan comes as part of ongoing discussions between the Kenyan government and the IMF, which will combine the 7th and 8th reviews of Kenya’s financial performance under the Extended Credit Facility. The funds are expected to bolster Kenya’s economic resilience, reduce the fiscal deficit, and enhance public financial management. This support is crucial for Kenya, which is also working to increase its foreign exchange reserves.