world bank debts Stories

World Bank assures Kenya’s debt sustainable if properly managed
World Bank assures Kenya’s debt sustainable if properly managed
Rachael Mutabasi  |  Jul 16, 2025

World Bank Country Director for Kenya, Qimiao Fan, emphasised that the sustainability of Kenya’s debt should not be judged only by the current numbers...

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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