May 20, 2020 / 6:32 AM / 17 days ago

World bank approves $1 bln funding to Kenya for budget support - finance minister

NAIROBI, May 20 (Reuters) - The World Bank has approved a $1 billion loan for Kenya to support its budget, its finance minister said on Wednesday.

“The fact that WB (World Bank) does not provide budget support to countries with a weak macro framework is a testimony of the confidence levels of the bank in our new policy reforms,” Ukur Yatani said on his Twitter account. (Reporting by Duncan Miriri; editing by George Obulutsa)

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