The National Treasury now expects the World Bank Group to clear a Sh96.9 billion ($750 million) loan next month after Parliament passed an improved version of a Conflict-of-Interest Bill, ending a major hurdle to the facility.
Kenya missed out on fresh funding from the multilateral lender in the fiscal cycle that ended June 30 after it failed to pass the key legislation, which was a major prerequisite to the release of additional financing by the bank, on time.
