World Bank snubs Kenya emergency loan request

Treasury Cabinet Secretary John Mbadi and World Bank President

Photo credit: File

Kenya will miss out on emergency financing from the World Bank sought to cushion the economy from the fallout of the Middle East conflict, with the lender instead set to consider Nairobi's earlier request for a $750 million (Sh97.1 billion) loan.

The size of the emergency funding request was not disclosed, but it is understood to have been similar to the planned loan facility.

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