Kenya secures Sh97bn World Bank loan to support reforms, jobs

The funding is part of the Kenya Fiscal Sustainability and Resilient Growth Development Policy Operation and comprises a Sh44 billion loan from the International Bank for Reconstruction and Development and Sh53 billion in concessional financing from the International Development ..

✨ Key Highlights

Kenya has secured a significant financial package from the World Bank to bolster its reform agenda and stimulate economic growth. The loan aims to improve governance, public finances, and social protection initiatives.

The total loan amount is Sh97.1 billion ($750 million).
The deal involves the World Bank Group, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
Key reforms supported include enhanced transparency in ministries through the Treasury Single Account and the expansion of electronic government procurement.