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Browsing: green projects in Kenya
- The World Bank has approved a $1.2 billion loan to support policy and institutional reforms to address structural constraints in Kenya’s public finances.
- On climate, the financing will support Kenya’s investments in green public transport systems.
- Kenya’s $1.2 billion DPO facility is funded through a combination of financial instruments
Kenya has received a loan of $1.2 billion ( about KES156 billion) from the World Bank to help the country address short-term fiscal pressures and accelerate green initiatives. The new $1.2 billion Kenya Fiscal Sustainability and Resilient Growth Development Policy Operation (DPO), is the first in a series of three.
According to the multilateral lender, it has been prepared under an improved macroeconomic environment following government action to address the challenges that had overshadowed the economy including tight liquidity pressures, depressed investor confidence and limited capital inflows that had resulted in a rapidly depreciating shilling.
A Development Policy Operation (DPO) is …