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Kenya Secures $1.2 Billion from World Bank to Address Budget Constraints

Herald Aloo

Herald Aloo, a journalist based in Nairobi, covers Kenya's economy, focusing on banking, and energy.
  • World Bank’s DPO financing to support Kenya’s development projects and budgetary challenges
  • Loan includes conditions for fiscal reforms and operational efficiency

 

Nairobi, Kenya – Kenya has successfully secured $1.2 billion from the World Bank’s Development Policy Operations (DPO) financing, a deal that has been in the works since 2019. This funding is aimed at helping the country address ongoing development projects and budgetary challenges.

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