The latest edition of the World Bank’s Economic Update for Kenya reveals that corruption is the main constraint preventing the country from reaching its full economic potential. The report shows that Kenya is losing billions of shillings due to weak governance.
According to the report, poor governance hurts the economy by straining public finances and widening the fiscal deficit. Additionally, corruption alone is estimated to widen the fiscal deficit by about 2 percent of the Gross Domestic Product (GDP).
