World Bank President Ajay Banga shakes hands with President William Ruto during the closing session of the New Global Financial Pact Summit in Paris on June 23, 2023. [AFP]
As the fiscal year starts, there seems to be a sigh of relief at the hierarchy of Treasury with the unlocking of about Sh161.8 billion (US$1.25 billion) credit facility from the World Bank.
This after days of stalemate with both the World Bank and the International Monetary Fund (IMF) over public debt disclosures and a supposed insider report on questionable governance practices.
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