The World Bank said on Monday that it foresaw $12 billion of support to Kenya over the next three years, potentially a major boost to the East African country’s strained finances.
The bank said in a statement that the total amount was subject to the approval of its executive directors and other factors that could influence its lending capacity.
Kenya’s public finances have been pressured by the legacy of the COVID-19 pandemic and frequent climate change-induced droughts.
Read More : Kenya Set to Receive $12 Billion Support from World Bank in Next 3 Years