Posted by: mulrickillion | December 23, 2011

Press Release: IMF Executive Board Completes Second Review Under the Extended Credit Facility for Kenya and Approves Request for Augmentation of Access and US$143.67 Million Disbursement

Press Release No. 11/457
December 9, 2011

The Executive Board of the International Monetary Fund (IMF) today completed the second review of Kenya’s economic performance under a three-year arrangement under the Extended Credit Facility (ECF). The Board also approved an augmentation of access equal to 60 percent of quota, which would lead to a total access of 180 percent of quota, an amount equivalent to SDR 488.52 million (about US$760.63 million), under the ECF arrangement. The Board’s decision enables the immediate disbursement of an amount equivalent to SDR 92.276 million (about US$143.67 million), bringing total disbursements under the ECF arrangement to an amount equivalent to SDR 200.836 million (about US$312.7 million). . . .

Press Release: IMF Executive Board Completes Second Review Under the Extended Credit Facility for Kenya and Approves Request for Augmentation of Access and US$143.67 Million Disbursement

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