World Bank demands reforms after Sh97.1bn loan approval

The conditions are contained in the World Bank's Development Policy Operation (DPO) programme, which ties disbursement of the funds to policy, legal and institutional reforms aimed at strengthening public finance management, environmental sustainability and economic governance...

✨ Key Highlights

The World Bank has approved a Sh161.8 billion ($1.25 billion) financing package for Kenya, contingent upon the nation implementing a series of critical reforms.

The loan approval is tied to reforms aimed at strengthening public finance management, environmental sustainability, and economic governance.
Key reforms demanded by the World Bank include implementing climate-focused policies for sustainable urban transport and forestry, alongside enhancing budget transparency and public participation in financial processes.
This new financing follows an initial Sh97.1 billion ($750 million) disbursement granted after Kenya met previous reform targets.

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