Kenya has a $2 billion Eurobond maturing in June 2024 . The country's central bank governor told Reuters earlier this week that the government was "quite relaxed" about it.
Central Bank Governor Patrick Njoroge told Reuters on the sidelines of the IMF and World Bank Spring Meetings in Washington that Kenya expects $250 million from syndicated loans this month and a $1 billion budgetary support loan from the World Bank in May.
Njoroge said Kenya is also seeking a new loan under the Fund's Resilience and Sustainability Trust (RST) to help countries ensure sustainable growth.
"We have already started the work," he said, without disclosing the loan's potential size.
RST funds are capped at 150% of a country's IMF quota.
Kenya, along with some other African has been frozen out of international capital markets since early last year.
A combination of sticky high interest rates and lackluster global growth could push a number of weaker economies that are facing soaring refinancing needs into debt difficulties next year.
