Aghassi Mkrtchyan News Today

Friday, July 7, 2023 - Kenya has secured another syndicated medium-term loan worth Ksh70 billion (USD 500 million) to support the government's development agenda. The facility was sourced by Citibank, London Branch, Rand Merchant Bank, a division of FirstRand Bank Limited (RMB), The Standard Bank of South Africa Limited (Standard Bank), Standard Chartered Bank (Standard Chartered),…

The loan acquisition came a month after World Bank approved a Ksh138.5 billion facility.

The Bill proposes a myriad of tax increments and new levies in efforts to increase revenue collection and contain fiscal deficit.

The World Bank report said Kenya's ongoing tax reforms will dampen growth in the near term.

The purchasing power of households in the medium term will be negatively affected by the proposed tax measures in the Finance Bill 2023.

NAIROBI  — The World Bank Group Board of Directors approved a Development Policy Operation (DPO) for $1 billion to provide low-cost budget financing along with support to key policy and institutional reforms for Kenya’s near-term objectives of fiscal

The World Bank said on Tuesday it approved a $1 billion loan to Kenya to support its budget as East Africa's economic powerhouse confronts high debts and a weakening currency.

World Bank approves 1 bln USD for Kenyas budget support-

World Bank approves 1 bln USD for Kenyas budget support-

Kenya Taps $1 Billion Support for Fiscal Consolidation Efforts and Other Key Policy Reforms