The World Bank (WB) will delay releasing $750 million (Sh96.9 billion) to Kenya, after the country failed to pass a Bill to curb graft amongst public officers, forcing the Treasury into a third budget review in the current financial year ending this month.
Treasury Cabinet Secretary John Mbadi on Wednesday said the earliest disbursement date for the WB cash is July, with the government now at a loss on how to plug the budget deficit of Sh96 billion. The money was expected to be disbursed this month.
