{"id":119257,"date":"2024-05-21T18:20:55","date_gmt":"2024-05-21T18:20:55","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan"},"modified":"2024-05-21T19:54:57","modified_gmt":"2024-05-21T19:54:57","slug":"world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan","title":{"rendered":"World Bank to test Kenya\u2019s fitness for new Sh158bn loan"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Kenya will receive $1.2 billion (Sh158billion) facility from World Bank should a review set for next Thursday be successful.<\/p>\n

The facility under the World Bank Development Policy Operation (DPO6), is however subject to completion of a review on the measures put in place by the multilateral lender, IMF and World Bank Board’s consideration and approval.<\/p>\n

A Development Policy Operation (DPO) is a financial instrument used by the World Bank to provide budget support to countries for policy and institutional reforms.<\/p>\n

Unlike project-specific loans, DPOs support government programs through direct financial assistance to the national treasury, which is then used to implement broad policy measures aimed at economic growth and stability.<\/p>\n

The World Bank will hold a board meeting next Thursday, May 30, 2024, chaired by World Bank’s Managing Director Anna Bjerde, to discuss Kenya’s “First Kenya Fiscal Sustainability and Resilient Growth Development Policy Operations.”<\/p>\n

The DPOs are designed to help countries achieve specific developmental objectives, such as enhancing fiscal sustainability, improving public sector governance, strengthening social safety nets, or promoting private sector growth.<\/p>\n

The funding is typically disbursed in tranches, contingent upon the country meeting pre-agreed policy and performance benchmarks.<\/p>\n

According to financial experts, several factors are working in Kenya\u2019s favour for this approval.<\/p>\n

So far the country has successfully reduced its budget deficit to 4.4 percent. Additionally, the Kenyan shilling is strengthening, and inflation has declined to 5 percent as of April.<\/p>\n

These improvements contribute to a sustainable and robust macroeconomic environment, making the case for the Development Policy Operation stronger.<\/p>\n

The overall goal of a DPO is to create an environment conducive to sustainable economic development by addressing key policy challenges and supporting reforms that can lead to improved governance, economic efficiency, and social outcomes.<\/p>\n

The outcome of this meeting will be crucial for Kenya\u2019s financial strategy, as the proposed funds aim to bolster fiscal sustainability and promote resilient growth.<\/p>\n

If approved, the funds will support Kenya in maintaining its economic stability and implementing necessary reforms for continued development.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Kenya will receive $1.2 billion (Sh158billion) facility from World Bank should a review set for next Thursday be successful. The facility under the World Bank Development Policy Operation (DPO6), is however subject to completion of a review on the measures put in place by the multilateral lender, IMF and World Bank Board’s […]<\/p>\n","protected":false},"author":84,"featured_media":119256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[6857,7003,544],"class_list":["post-119257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nWorld Bank to test Kenya\u2019s fitness for new Sh158bn loan - kenya<\/title>\n<meta name=\"description\" content=\"Kenya will receive $1.2 billion (Sh158billion) facility from World Bank should a review set for next Thursday be success ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank to test Kenya\u2019s fitness for new Sh158bn loan\" \/>\n<meta property=\"og:description\" content=\"Kenya will receive $1.2 billion (Sh158billion) facility from World Bank should a review set for next Thursday be success ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-21T18:20:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-21T19:54:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/05\/sm_1716304685.138142.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"611\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"World Bank to test Kenya\u2019s fitness for new Sh158bn loan\",\"datePublished\":\"2024-05-21T18:20:55+00:00\",\"dateModified\":\"2024-05-21T19:54:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan\"},\"wordCount\":356,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/05\/sm_1716304685.138142.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/world-bank-to-test-kenyas-fitness-for-new-sh158bn-loan\",\"name\":\"World Bank to test Kenya\u2019s fitness for new Sh158bn loan - 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