The World Bank has approved a KSh138 billion ($1.0 billion) budget support loan for Kenya under the Fiscal Sustainability and Inclusive Green Growth Development Programme Operation (DPO).
The loan is aimed at strengthening fiscal sustainability through reforms that contribute to greater transparency and the fight against corruption.
“The government’s reforms, supported by the DPO, will help to achieve fiscal consolidation, which is essential for reducing the debt burden and related risks, in an equitable and sustainable manner,” Aghassi Mkrtchyan, Senior Economist for the World Bank in Kenya, said in a statement.
Kenya qualified for DPO financing in 2019 and received four such loans, the most recent in March 2023.
