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Ruto's Govt Now Seeks Fresh Loan Worth Ksh 92 Billion From World Bank

Photo Courtesy; President William Ruto in a past event.

President William Ruto's led administration now seeks fresh loan from the World Bank worth Kshs 92 Billion. This is according to report by Nation Africa.

According to the information shared, Kenya wants Kshs 92 Billion concessional loan to be secured before the end of June 2023 and will be part of the Sh280.7 billion earmarked for external borrowing in the current financial year.

It is reported that this will be Kenya's 5th loan under the World Bank’s Development Policy Operation (DPO) framework. It is reported that under this program, Kenya has access Kshs 399 Billion shillings.

Speaking during the launch of of the 2023 – 2028 Country Partnership Framework between the government and World Bank, Cabinet Secretary for Treasury Njuguna Ndungu revealed that the loan aims at promoting sustainable, resilient and inclusive growth as well as promote human capital development.

Photo Courtesy; Treasury CS Prof Njuguna Ndungu.

Credit;https://nation.africa/kenya/business/kenya-seeks-fresh-sh92bn-loan-from-the-world-bank-4045778

Content created and supplied by: 123NewsKenya (via Opera News )

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