World Bank approves Sh87.5bn aid to ongoing reforms in Kenya

The World Bank has approved Sh87.5 billion (USD750 milllion) Development Policy Operation that will help strengthen fiscal sustainability through reforms that contribute to greater transparency and the fight against corruption. The DPO is the second in a two-part series of development operations initiated in 2020 that provides low-cost budget financing along with support to key policy and institutional reforms. World Bank Country Director for Kenya Keith Hansen, lauded the Government for maintaining the momentum to make critical reforms progress despite the disruption caused by the pandemic. H…

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