NAIROBI, Nov. 21 (Xinhua) -- The Kenyan government announced on Tuesday a shift in its external financing strategy, opting to access loans from multilateral lenders due to uncertainties in the global bond market.
Njuguna Ndung'u, cabinet secretary for the National Treasury and Economic Planning, said in a release from the capital Nairobi that the country had approached the World Bank, the International Monetary Fund (IMF), and other development partners for funding, in addition to stepping up efforts to improve macro-economic environment and carry out structural reforms.
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