IMF reaches staff-level deal with Kenya, set to release 976 mln USD

NAIROBI, June 11 (Xinhua) -- The International Monetary Fund (IMF) said Tuesday it had reached a staff-level agreement with Kenya and would unlock 976 million U.S. dollars if approved.

The loan facility which is subject to approval by the IMF executive board would bring its total funding under the existing Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements to 3.6 billion dollars, the IM