World Bank Sets Conditions for Kenya to Access Ksh96.9B Budget Support Ahead of June Deadline

Kenya must meet three regulatory conditions by June 30 to access a Ksh 96.9 billion loan from the World Bank. These include outlining regulations for identifying beneficiaries of monthly stipends for orphans, the elderly, and persons with disabilities, as well as establishing rules for sustainability-linked bonds and ensuring national tree cover reaches at least 30% by 2032. Failure to meet these conditions could result in Kenya missing out on crucial funding as it faces a significant budget deficit.