Nairobi, May 29 -- Kenya will not tap into its new $544.3 million, about Sh75.3 billion, loan facility with the International Monetary Fund (IMF) until November when the first review of agreed policy reform measures is undertaken.

The IMF reached a staff-level agreement with the Kenyan government for a new loan under the Resilience and Sustainability Facility (RSF) on May 22, following the conclusion of the fifth review of the ongoing programme with the fund which has now been extended to April 2025.

Among other considerations, Kenya will be assessed on the pace of reform around incorporating green finance considerations into its budget-making process as well as measures taken to mitigate the adverse effects of climate-related risks.