The Trade and Development Bank (TDB) has approved a $210 million loan for Kenya, as announced by the Finance Minister, in anticipation of the maturity of a $2 billion eurobond in June. Despite concerns related to foreign exchange reserves and the Kenyan shilling, the IMF does not foresee a default.
The TDB loan is part of an initiative to raise $1 billion for Kenya’s liability management. Additionally, the country has secured a $941 million loan from the IMF. Kenya is considering issuing new debts in the international markets.
