Loading...
Market
Primary area of expenditure for World Bank funds in Kenya?
3
Resolution / Starting Odds
Infrastructure • 25%
Healthcare • 25%
Education • 25%
Green policies • 25%
Kenyan government budget reports or World Bank reports
Story
World Bank Approves $1.2 Billion (Sh158bn) Funding for Kenya
May 30, 2024, 11:05 PM
The World Bank has approved a $1.2 billion funding package for Kenya aimed at addressing short-term fiscal pressures and promoting sustainable growth. This funding, under the Development Policy Operation (DPO) framework, includes an $850 million IBRD loan, a $300 million IDA credit, and a $50 million IDA grant. The package, equivalent to Sh158 billion, is the first of three planned budget support packages for Kenya, designed to enhance fiscal sustainability and accelerate green policies. President Ruto acknowledged the release of the funds.
View original story
Similar markets
Below SDR2.5 billion • 33%
Between SDR2.5 billion and SDR3.0 billion • 34%
Above SDR3.0 billion • 33%
More domestic borrowing • 33%
More external borrowing • 33%
Balanced borrowing • 33%
Increased scrutiny and negative sentiment • 25%
No change in public sentiment • 25%
Increased support for government austerity measures • 25%
Public indifference • 25%
Increase in domestic borrowing • 25%
Decrease in domestic borrowing • 25%
Increase in external financing • 25%
Decrease in external financing • 25%
Agriculture • 33%
Industry • 33%
Services • 33%
Less than 25% • 25%
25% - 50% • 25%
51% - 75% • 25%
More than 75% • 25%
Banking sector growth • 25%
Banking sector decline • 25%
Insurance sector growth • 25%
Insurance sector decline • 25%