Kenya in talks with World Bank for budget-support loan
But treasury secretary Ukur Yatani says support is unlikely to materialise for this financial year
01 September 2020 - 20:32
Nairobi — Kenya is in talks with the World Bank for a loan to provide further budget support, but a loan this financial year is unlikely, according to treasury secretary Ukur Yatani.
The East African nation’s government and the lender were “still discussing policy areas” to be covered by the financing and are yet to agree on the amount, Yatani said on Tuesday. The loan “doesn’t look likely for this financial year”, he said...
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