Kenya just got a billion dollar loan from the World Bank.

This financing has been approved within the framework of development policy. Its objective is to support the application of economic reforms in the country.

It will also help create fiscal space in a sustainable and equitable manner, establish revenue and expenditure measures to support fiscal consolidation, strengthen the debt management framework and protect pro-poor spending.

In addition, this package will contribute to strengthening the agricultural sector and its competitiveness, as well as reforms aimed at governance and financial inclusion.

This financing adds to a package of more than $950 million obtained from the International Monetary Fund last week.

This support from the Bretton Woods institutions should allow the Government to continue its strategy of fiscal consolidation and economic development.

Source: L'observateurMarocAfrique