World Bank and the International Monetary Fund (IMF) have stepped up lending to Kenya over the past three years, which has seen Chinese loan deals reduce, firming the grip of Bretton Woods institutions on East Africa's biggest economy.
Data from the National Treasury show World Bank's total lending rose by Ksh517 billion ($4.5 billion) from June 2019 to Ksh1.125 trillion ($9.8 billion) in December, with the bulk loans coming in the wake of Covid-19 economic hardships.
