IMF provisionally approves more Kenya funds, sees slower growth

Newswire

NAIROBI, Oct 31 (Reuters) - The International Monetary Fund has provisionally approved an extra $250 million to top up Kenya's $500 million Extended Credit Facility, meant to boost the country's foreign exchange reserves, the IMF said on Monday. Domenico Fanizza, head of an IMF mission in the country, told a news conference, that the approval was subject to further approval by its executive board, and that economic growth was seen at 5.0 percent in 2011,compared with IMF's earlier estimate ...

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