Kenya borrows 3.6 bln USD from external sources in 2022/23 fiscal year
NAIROBI, June 16 (Xinhua) -- Kenya borrowed 504.37 billion shillings (about 3.61 billion U.S. dollars) from external lenders in the financial year 2022/2023, the National Treasury said Friday.
The loans were taken from the World Bank, International Monetary Fund (IMF), and through syndicated facilities and projects, noted the Treasury in a statement released in the Kenyan capital of Nairobi.
The total disbursements from project loans as of June 12 stood at 1.21 billion dollars, said the institution.