Kenya has asked the World Bank for a $750 million loan under the Development Policy Operation framework, the finance minister said on Tuesday.
“The proposed package under discussion with the World Bank aims at promoting sustainable, resilient, and inclusive growth,” Njuguna Ndung’u said in a speech at a World Bank event on Tuesday.
Kenya sought $1.0 billion from the World Bank through DPO5, the bank extended $750.0 million. In his own words, Treasury CS Prof. Njuguna Ndung'u pic.twitter.com/aVXPEZA8Gn
— Julians Amboko (@AmbokoJH) December 6, 2022
In June, Kenya received a $750 million loan from the World Bank to support its budget and help the country recover from the effects of the COVID-19 pandemic.
IMF Reaches Staff-level Agreement With Kenya for Kshs 52.7 Bn
