Kenya: World Bank Sets Conditions for Kenya to Access Ksh96.9B Budget Support Ahead of June Deadline

Kenya is on the verge of missing out on a Ksh 96.9 billion budget support loan from the World Bank unless it fast-tracks three important regulations before June 30.

The World Bank offered the loan under the development policy operations (DPO) programme, which is intended to flow directly into the National Treasury to support salaries and day-to-day government operations in the next budget.

However, the World Bank has stated that the money will be released only if Kenya meets the three key…