The World Bank has approved a Ksh97 billion loan facility to support Kenya's governance efforts, financial management, social protection and anti-corruption measures.

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The lender said the loan, provided through the Kenya Fiscal Sustainability and Resilient Growth Development Policy Operation (DPO), will back reforms aimed at making government institutions more transparent and accountable.

In a statement on Tuesday, June 30, the World Bank noted that transparency and accountability among government institutions will, in turn, help create a more stable environment for investment and job creation.

The package consists of Ksh44 billion in an International Bank for Reconstruction and Development (IBRD) loan and Ksh53 billion in concessional financing from the International Development Association (IDA).

📌 What You Need to Know

According to the Bretton Woods Institution, the package also includes dedicated support to improve livelihoods among refugees and host communities.

The lender said the financing is intended to help Kenya strengthen governance, improve the management of public resources, and expand social protection as part of broader efforts to reduce poverty.

"Kenya's reform to strengthen governance, improve public financial management, and expand social protection for its most vulnerable citizens received World Bank Group support today through a Ksh97 billion DPO," the World Bank announced.

"This will contribute to the country's efforts to establish the regulatory certainty required to create jobs, attract private investment, and lift people out of poverty," it added.

It said that the central pillars of the reform programme are tackling corruption and conflicts of interest in public service, citing the Conflict of Interest Act and the gazetting of the Conflict of Interest Regulations 2026.

World Bank Division Director for Kenya, Qimiao Fan, said the regulations will help improve the efficiency of public spending while laying the foundation for stronger and more inclusive economic growth.

📰 Source: Kenyans.co.ke