IMF Executive Board Approves US$497.1 Million Stand-by Arrangement and US$191.2 Million Stand-by Credit Facility for Kenya

IMF Executive Board Approves US$497.1 Million Stand-by Arrangement and US$191.2 Million Stand-by Credit Facility for Kenya

On February 2, 2015, the Executive Board of the International Monetary Fund (IMF) approved a SDR 352.82 million (about US$497.1 million) Stand-By Arrangement and a SDR 135.7 million (about US$191.2 million) arrangement under the Stand-By Credit Facility1 (SBA/SCF) for Kenya for a combined SDR 488.52 million (about US$688.3 million or 180 percent of Kenya’s quota).