world bank debts Stories

World Bank delays Sh96.9 billion loan to Kenya over anti-corruption law standoff
World Bank delays Sh96.9 billion loan to Kenya over anti-corruption law standoff
Maureen Kinyanjui  |  Jun 05, 2025

The government now plans to borrow Sh591.9 billion from the local credit market to bridge a Sh876.1 billion budget deficit in the financial year start...

Saudi Arabia, Qatar to settle Syria's outstanding arrears of around $15 million to World Bank
Saudi Arabia, Qatar to settle Syria's outstanding arrears of around $15 million to World Bank
Reuters  |  Apr 27, 2025

The plans would be the first known instance of Saudi Arabia providing financing for Syria since Islamist-led rebels toppled former leader Bashar al-As...

World Bank wins $100 billion replenishment of fund for poorest countries
World Bank wins $100 billion replenishment of fund for poorest countries
Reuters  |  Dec 08, 2024

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

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