Why World Bank has delayed Sh78bn emergency loan to Kenya
Nairobi, July 13 -- Kenya's request for an estimated Sh77.5billion ($600million) emergency loan from the World Bank has been delayed due to the lack of detailed spending plans, the multilateral lender has revealed.
The World Bank was expected to disburse financial support through its Rapid Response Option (RRO) by the end of June 2026, to help Kenya manage the economic shocks triggered by the US-Israel war with Iran, including shortages of essential commodities such as petrol and fertiliser.
The funding, however, remains uncertain amid concerns by the World Bank on Kenya's expenditure plans.
"Yes, the government did request the RRO and has gone through the process of signing up for the option. We are currently in the process of ...
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