Kenya is seeking a Ksh127 billion loan from the World Bank and the African Development Bank (AfDB) to address its growing budget deficit, following stalled talks with the IMF.

• The loan comprises Ksh94 billion from the World Bank and Ksh34 billion from the AfDB.
• Key figures involved include Kenya's Treasury and Public Debt Management Director General Raphael Owino.
• The World Bank loan is contingent on reforms related to public financial management and governance, with the funds expected before the end of the 2026/2027 financial year.