Inside Kenya’s high-stakes game with World Bank and IMF loans

President William Rutoin Berlin, Germany, with World Bank President Ajay Banga on the sidelines of G20 Compact with Africa Conference on “Economic cooperation, promotion of private investment”. According to Dr Ruto, Kenya is indebted to the financial and technical support that the World Bank — and the International Monetary Fund — continue to extend to us. We are especially grateful to the Institutions for their latest assistance —$12 billion (KSh1.8 Trillion) and KSh687 Billion, respectively — which will rebuild our buffers, tame inflation and debt vulnerabilities. (Source: President William Ruto).