Kenya Set to Receive $1.2 Billion Budget Financing from World Bank
By
Andrei Carpathia
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
The World Bank is poised to approve $1.2 billion of budget financing to Kenya before the end of April, unlocking key financing for the East African nation that wants to cut its reliance on commercial debt. The amount is slightly less than the $1.5 billion that Kenyan authorities had anticipated receiving from the Washington-based lender and follows other disbursements by the International Monetary Fund as well as Trade and Development Bank, a pan-African lender.