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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.
WORLD BANK approves the first of three budget support packages for Kenya worth Sh158bn; cash to help address short-term fiscal pressures and accelerate green policies. https://t.co/6VtxnLFsax https://t.co/PBv8UDeHR6
World Bank approves Sh158 billion budget support for Kenya https://t.co/6VtxnLFsax
๐๐จ๐ฎ๐ง๐๐ฎ๐ฉ ๐จ๐ ๐๐จ๐ฉ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐ญ [๐๐๐ฌ๐ญ ๐๐๐ฒ.]: 1. World Bank approves $1.2B for Kenya's Fiscal Sustainability & Resilient Growth Development Policy Operation (DPO), the first in a series of three, aimed at addressing short-term fiscal pressures https://t.co/HkDyDuTPYC
World Bank approves $1.2 billion budget support for Kenya https://t.co/aROxekz45X https://t.co/TfEMfQbitt
World Bank approves $1.2 billion in funding for Kenya to support the East African nationโs growth https://t.co/v6UTpiUEMI
President Ruto on seeing the World Bank release $1.2B to Kenya: https://t.co/WeCfbAGAOd https://t.co/bXLsWnvcYz
๐ฐ ๐ฐ๐ช | The World Bank has approved $1.2B for Kenya aimed at addressing short-term fiscal pressures and promoting sustainable growth under the Development Policy Operation (DPO) framework. ๐ Funding Composition: โโ$850M IBRD loan โโ$300M IDA credit โโ$50M IDA grant for Hostโฆ https://t.co/x7VLzTwr30