Kenya is standing in line to secure another Sh136.5 billion loan from the World Bank as it seeks funds to ease the cash flow crisis and boost its dwindling foreign exchange reserves that have taken a hit from the weakening shilling.
The board of the World Bank Group is scheduled to meet on May 26 to approve the $1.0 billion (Sh136.5 billion at current forex rates) to Kenya through its Development Policy Operation (DPO) framework.
