Kenya to secure another $1 billion loan from World Bank
Kenya's National Treasury building. Kenya is standing in line to secure another Ksh136.6 billion ($1 billion) loan from the World Bank as it seeks funds to ease the cash flow crisis. PHOTO | FILE | NMG
Kenya is standing in line to secure another Ksh136.6 billion ($1 billion) loan from the World Bank as it seeks funds to ease the cash flow crisis and boost its dwindling foreign exchange reserves that have taken a hit from the weakening shilling.
The board of the World Bank Group is scheduled to meet on May 26 to approve the $1 billion to Kenya through its Development Policy Operation (DPO) framework.
