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Originally published by The Standard BusinessJune 30, 2026
8h ago
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...
β¨ 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.
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