The International Monetary Fund has approved a $US200 million loan application from Kenya.
The agency says a detailed statement will be issued on Saturday.
Kenya took a beating from high commodity prices last year and the global financial crisis.
As well as a drought, the economy also suffered from a post-election crisis that disrupted the tourism, farming and transport sectors.
Kenya's balance of payments swung into a deficit of $US677 million in the year to March from a surplus of $US747 million in the same period a year earlier.
The central bank says foreign exchange reserves are also well down.