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.
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Kenya Secures Sh97bn World Bank Loan to Support Reforms, Jobs - June 2026
Kenya has secured a Sh97 billion financial package from the World Bank to bolster its reform agenda and stimulate economic growth, aiming to improve governance, public finances, and social protection initiatives. At the same time, Kenya's inflation rate decreased to 6.4% in June 2026, down from 6.7% in May, primarily due to falling fuel and electricity costs. Nairobi County's wage bill has surged by Sh1.3 billion over a nine-month period, with staff compensation now consuming over half of its collected revenue, highlighting fiscal pressures facing county governments.
