Environment
World Bank Approves $750 Million Kenya Loan, Agrees to Back Loan
Key Points
World Bank Approves $750 Million Kenya Loan, Agrees to Back Loan The World Bank approved a long-awaited $750 million loan to Kenya in support of reforms aimed at enhancing good governance and improving public-finance management. The Washington-based lender will also help Kenya issue a $500 million sustainability-linked loan for reforestation efforts and improved energy access, according to an emailed statement.
World Bank Approves $750 Million Kenya Loan, Agrees to Back Loan
The World Bank approved a long-awaited $750 million loan to Kenya in support of reforms aimed at enhancing good governance and improving public-finance management.
The Washington-based lender will also help Kenya issue a $500 million sustainability-linked loan for reforestation efforts and improved energy access, according to an emailed statement.