T
Originally published by The Standard Business
πŸ“° Read Full Article
June 30, 2026
8h ago

World Bank gives Ruto Sh97 billion lifeline as IMF stays away

World Bank gives Ruto Sh97 billion lifeline as IMF stays away

The World Bank has approved a $750 million (Sh97.1 billion) loan to Kenya to support budget financing and reforms, offering relief amid strained external funding after IMF support stalled...

✨ Key Highlights

The Kenyan government, led by President William Ruto, has received a significant financial boost with a new loan from the World Bank. This comes at a critical time as funding from the IMF remains on hold.

  • World Bank approved a loan worth $750 million (Sh97.1 billion) to support Kenya's budget.
  • The financing combines loans from the International Bank for Reconstruction and Development and the International Development Association.
  • This lifeline comes amid ongoing fiscal pressures and months of stalled disbursements from other multilateral lenders due to governance concerns.

Continue Reading

Read the complete article from The Standard Business

πŸ“° Read Full Article
Advertisement
Advertisement