World Bank freezes $750 million loan to Kenya pending further fiscal reforms

The World Bank has suspended the disbursement of a $750 million (sh96.9 billion) loan to Kenya, citing the need for additional fiscal and structural reforms to ensure the country’s debt remains sustainable.According to Treasury Cabinet Secretary John Mbadi, the delay stems from a debt sustainability review conducted by the World Bank, which assessed Kenya’s fiscal … Continue reading World Bank freezes $750 million loan to Kenya pending further fiscal reforms