By NATION AFRICA More by this AuthorKenya is in talks with the World Bank Group for a fresh $750 million (Ksh92.1 billion) concessional loan to be secured before the end of June next year. The loan will be part of the Ksh280.7 billion ($2.3 billion) earmarked for external borrowing in the current financial year. The proposed package under discussion with the World Bank aims at promoting sustainable, resilient and inclusive growth. Also read: Kenya defers Sh85bn loan repayments on cash crunchAdvertisementProf Ndung’u further indicated that the government had been negotiating for a Sh126 billion ($1 billion) financing package but the World Bank stayed put at Sh92 billion ($750 million). The last DPO financing received by Kenya was on June 10 last year when the World Bank approved Sh92 billion at a total annual interest and service cost of 3.1 per cent.

Source: Daily Nation December 07, 2022 08:40 UTC