Kenya receives Sh17bn loan from World Bank for climate change fight

ukur-yatani

National Treasury Cabinet Secretary Ukur Yatani during the launch of Economic Survey Report 2021 on September 9, 2021. NMG PHOTO

Kenya has received a Sh16.67 billion ($150 million) loan from World Bank to support local communities hard hit by climate change and drought, leading to loss of livelihoods.

The World Bank through its arm, International Development Association, approved the facility to be extended through the new Financing Locally–Led Climate Action (FLLoCA) programme.

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