PRIME Inside the World Bank’s tough terms for new loans to Kenya 6h ago

The World Bank has established over ten stringent conditions for Kenya to access a third installment of funding under the Development Policy Operations (DPO) programme. To unlock these funds, which aim to plug the national budget deficit, Kenya must implement significant reforms, including enacting the Whistleblower Protection Act and publishing regulations to restrict unsolicited public-private partnership (PPP) deals. The multilateral institution specifically cited concerns regarding secret deals, such as the failed Adani Group airport upgrade proposal, urging competitive tendering instead. Additional requirements include amending the Companies Act to align with FATF standards, updating the Public Finance Management Act, and consolidating payroll data. These reforms are designed to enhance transparency, reduce corruption, and strengthen climate action through new green building standards and the Railways Bill. Successfully meeting these mandates is critical for Kenya to secure essential fiscal support and foster a stable business environment.














