Author: Muindi

Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.

Kenya has asked the World Bank for a $750 million loan under the Development Policy Operation framework, the finance minister said on Tuesday. “The proposed package under discussion with the World Bank aims at promoting sustainable, resilient, and inclusive growth,” Njuguna Ndung’u said in a speech at a World Bank event on Tuesday. https://twitter.com/i/status/1600123087596310528 In June, Kenya received a $750 million loan from the World Bank to support its budget and help the country recover from the effects of the COVID-19 pandemic. https://khusoko.com/2022/11/13/imf-reaches-staff-level-agreement-with-kenya-for-kshs-52-7-bn/

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Kenya’s GDP growth will slow to 5.5 per cent in FY23 from the 5.5 per cent expected in the current fiscal year (2022), the World Bank said Thursday. However, the World Bank said that growth is expected to rise to 5.3% in 2024, supported by increased private investments. “Private investments are expected to drive economic growth in the medium term amid sluggish growth in households’ consumption,” the World Bank said in its latest report, “Kenya Economic Update, December 2022 : Continued Rebound, but Storms Cloud the Horizon: Policies to Accelerate the Productive Economy for Inclusive Growth.” ” However, consumption growth…

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