Kenya requested the financing in April to help it manage economic shocks triggered by the US-Israel war on Iran, which exploded at the end of February.
By
Kepha Muiruri
Business Reporter
Nation Media Group
Kenya’s request for an estimated Sh77.5billion ($600million) emergency loan from the World Bank has been delayed due to the lack of detailed spending plans, the multilateral lender has revealed.
The World Bank has excluded Kenya's emergency financing request from its latest board agenda.
Kenya is seeking approximately $450 million from the World Bank to protect its economy from external shocks, such as the Iran…
The World Bank has approved a $750 million (Sh97.1 billion) loan to Kenya to support budget financing and reforms, offering…
Kenya & Iraq are among those to publicly confirm seeking emergency World Bank assistance...
The World Bank's board votes on June 26 on a $750 million loan for Kenya, cheap budget money tied to reforms in public finance,…
Kenya will be required to meet specific socio-economic outcomes to unlock funding.
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