World Bank approves Sh75b loan to boost Big Four agenda : The Standard

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29 May 2019 – Category four include retired presidents and prime minister while category five include ambulances and fire brigade. The Star: World Bank approves Kenya’s Sh75bn loan 29 May 2019 – The funds will also support the Big 4 agenda.

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The World Bank Board of Directors has approved a US$750 million (Ksh75.9 billion) International Development Association (IDA) credit for Kenya, in the latest move by the global lender to channel funds to the East Africa State.This comes amid concerns over the country’s ballooning public debt which crossed the Ksh5.1 trillion (US$50.4 billion) mark in September 2018, with possibilities of going Ksh5.6 trillion (US$55.4 billion by close of the year. The loan, according to World Bank is meant.

The World Bank Board of Directors has approved a $750 million International Development Association (IDA) credit to support the Government of Kenya’s reforms to enhance inclusive growth, accelerate poverty reduction and achieve its Vision 2030 objective of becoming a middle-income industrialized country.

The World Bank Board of Directors today approved Sh75.9 billion Government’s loan to help curb poverty and helps Kenya achieve its vision 2030 objectives.

The Budget policy statement (BPS) on the National Treasury website also shows state prioritises investments in The Big Four Agenda (manufacturing for job. a spending plan by the Executive, debate,

If given the opportunity for another four years. efforts to boost the Internally Generated Revenue (IGR) of the state *He was instrumental in the negotiations between the state and Standard.

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