Kenya secures KSh160 billion World Bank loan amid debt pressures

Kenya has secured 1.25 billion dollars, equivalent to more than KSh160 billion, in fresh loans from the World Bank, offering a boost to public finances as the government seeks cheaper financing amid mounting debt pressures. The funding, provided under the Development Policy Operation framework, is not tied to specific projects. However, the government will be required to demonstrate concrete policy and institutional reforms before the funds are released. As Jasmine Wambui reports, this marks Kenya’s seventh funding cycle under the programme since it was first introduced in 2018.