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Kenya expects Sh97bn World Bank loan in early June
Cabinet Secretary John Mbadi (left centre) and other Treasury officials meet with Ndiamé Diop (facing Mbadi), the new World Bank VP for Eastern & Southern Africa, who will be based in Nairobi, on the sidelines of the IMF/World Bank Spring Meetings in Washington DC.
Kenya now expects to receive the full Sh97.08 billion ($750 million) Development Policy Operation (DPO) loan from the World Bank before the end of June 2025.
National Treasury Cabinet Secretary John Mbadi said that gaps that may have hindered access to the loan had been resolved after President William Ruto referred a watered-down Conflict of Interest Bill 2025 back to the National Assembly for review.
