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Originally published by The Standard BusinessJuly 4, 2026
2h ago
Kenya is a colony of Bretton Woods system despite sovereignty claims
President Ruto continues to bow to the very Bretton Woods system that he still continues to blame for economic woes of the so called global south...
✨ Key Highlights
Kenya has secured a $1.25 billion credit facility from the World Bank, ending a stalemate over public debt disclosures and governance concerns.
- The unlocking of the Sh161.8 billion loan provides a sigh of relief for the Kenyan Treasury.
- Key figures involved include the World Bank and the Kenyan Treasury leadership.
- The agreement followed days of negotiation concerning public debt disclosures and reports on questionable governance practices.
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