The Central Bank of Kenya (CBK) expects the foreign reserves to recover, aided by inflows of over $700 million (Sh87.1 billion) from multilateral institutions in the first half of the year.
CBK Governor Dr Patrick Njoroge said the Government will by June receive loans from the World Bank and the International Monetary Fund (IMF), which he expects to reverse the shrinking stock of foreign currencies that hit 3.92 months of import cover last week, the lowest in 88 months.
