Browsing: Kenya

The East African countries look to borrow more than $750 million in syndicated loans to cushion the economic impact of the Coronavirus pandemic as Kenya, Uganda, South Sudan, and Tanzania have all been seeking either syndicated loans or special drawing rights from the International Monetary Fund (IMF), as they seek to revive economies experiencing the pandemic-induced shocks.

The Fund seeks to support solutions that the harmful impacts associated with the use of traditional cooking options both at the household and institutional levels, build climate change resilience among Africans and support productive uses such as agro-processing, water pumping, cooling, and refrigeration services.