Kenya banking on international support to shore up its struggling economy

Kenya is banking on international support to shore up its struggling economy. The country is hopeful to secure a much-needed $611 million loan from the international monetary fund (IMF) later this month. The IMF had previously paused the loan disbursement following protests over a controversial finance bill. Central Bank governor Kamau Thugge is currently in Washington D.C. attending the world bank and IMF annual meetings, where he’s been lobbying for the release of the funds. The government is also looking to these global institutions for broader economic solutions, particularly in addressing liquidity issues and boosting economic growth.