China received more in debt payments than multilateral lenders, including the World Bank and the African Development Bank.

The global lender attributes the smaller import share of the essential commodities to high duties and taxes that consequently increase their cost.

Today, about 700 million people or 8.5 per cent of the global population, live in extreme poverty on less than $2.15 (Sh280) a day.

The authors suggest that based on the DSA, Ethiopia is facing a short-term liquidity crunch, and not a long-term solvency issue, a point of contention...

With international cooperation and a commitment to reforms, Somalia is poised to rebuild its economy and improve the lives of its citizens.

Kenya’s debt service costs on external debt more than doubled in 2023, rising from Sh403 billion to Sh839 billion. This sharp increase was attributed...

The World Bank warned that such practices could erode public trust and stoke protests.

The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.

Kenya has managed to stabilise its foreign exchange rate, boost hard currency reserves held by the Central Bank and lower inflation this year.

Principal repayments exceeded Sh500 billion in the past year alone, highlighting Kenya's growing debt burden.

The total exceeds the previous $93 billion International Development Association replenishment announced in December 2021.

The study report reveals that in Kenya, 72 per cent of adolescent girls aged 15-19 are currently in school, not employed, childless, and unmarried.

A spokesperson in the World Bank's Kenya office confirmed the talks for new funding, which fell under its "Development Policy Operations" (DPO) with t...

The World Bank attributes the ongoing vulnerability to the lack of comprehensive social insurance programmes designed to safeguard a broader segment o...

In Kenya, the lender says the country has been successful in translating economic growth into poverty reduction, but this progress is unevenly distrib...

The easing commodity prices, according to a majority of the respondents, has made it somewhat more manageable to navigate the increasingly high cost o...

Kenya's successful Eurobond issuance in February, which enabled it buy back a significant portion of the 2024 Eurobond, is the driving force behind th...

IMF members can vote to create new issuances of special drawing rights.

At the same time, the IMF's Fiscal Monitor showed global government debt is set to top $100 trillion for the first time this year.

World Bank President Ajay Banga said war damage from Israeli strikes on Gaza is now probably in the $14-20 billion range, and destruction from Israel'...