Kenya: IMF waives requirements, approves loan

The International Monetary Fund ( IMF) said on Thursday it would give Kenya 56.8 million U.S. dollars after waivering five requirements including declaration of assets by ministers and senior civil servants, according to a report by Xinhua. A statement from the IMF Country Office in Kenya said the east African nation's macroeconomic performance had improved markedly since 2004, resulting in increased financial reserves.