Kenya’s central bank transfers $45.6m to government

IMF approves pause in fiscal tightening as Kenyan authorities deal with impact of pandemic

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The Central Bank of Kenya has transferred funds worth $45.6 million to the country’s government to help it deal with the Covid-19 pandemic.

In a statement today (February 18), the CBK said it had distributed 5 billion Kenyan shillings to the finance ministry. “Exceptional circumstances caused by an unprecedented global pandemic” was putting a “strain government’s resources”, said the bank.

The transfer was authorised by the CBK’s board following a review of the bank’s unaudited financial

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