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IMF rescues Kenya from $2bn Eurobond scare

Friday November 17 2023
ruto-imf

IMF Managing Director Kristalina Georgieva (L) shakes hands with Kenya's President William Ruto. FILE PHOTO | PCS

By BUSINESS DAILY

The International Monetary Fund (IMF) has moved to rescue Kenya from plunging into a financial crisis after the global lender confirmed that it was mobilising funds to help the country repay its $2 billion Eurobond maturing in June next year.

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