World Bank cuts expected Kenya financing by Sh39bn

Signage of the World Bank.  

Photo credit: File | Pool

The World Bank Group has scheduled a Sh157.7 billion ($1.2 billion) new financing to Kenya in the current financial ending June, marking a Sh39.3 billion cut compared to the Sh197 billion ($1.5 billion) earlier anticipated by the National Treasury.

A revised plan by the World Bank said the new funding would be approved on April 30.

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