Treasury’s Sh5bn forestalls fallout with World Bank

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National Treasury building. FILE PHOTO | NMG

The Treasury has forestalled a fallout with the World Bank over delay in releasing cash to help counties improve accounting, audit, and procurement systems.

Cabinet Secretary Ukur Yatani has allocated Sh4.99 billion towards the Kenya Devolution Support Programme days to the end of the financial year ahead of the September 2021 deadline, which would have seen the World Bank withdraw its portion of funds.

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