Browsing: fiscal space

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World Bank to Kenya’s rescue with fresh $1 billion loan

Countries
  • Kenya’s new loan will be disbursed through an instrument called Development Policy Operations (DPO). 
  • The loan will support key policy and institutional reforms that will help Kenya institute financial solutions in the short-term. 
  • Kenya is expected to institute reforms creating fiscal space, improving agricultural competitiveness, and improving governance.

The World Bank Group has approved a $1 billion loan to Kenya to support its budget as East Africa’s largest economy ploughs through one of its toughest economic conditions. The new financing will be disbursed through an instrument called a Development Policy Operations (DPO). The credit will support key policy and institutional reforms in the country. The planned reforms will help the nation institute financial solutions in the short-term. 

Kenya is expected to institute reforms in her fiscal space, improve agricultural competitiveness and streamline governance. The East African powerhouse qualified for financing under the DPO in 2019 and has since received four …

Namibia debt struggles despite promising economic prospects

Countries

Namibia has made progress on structural changes to foster economic diversification and boost productivity. Improving the business environment, promoting access to capital, improving governance, and decreasing skills mismatches are crucial for stimulating growth and achieving long-term debt sustainability.…

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