World Bank to lend Kenya $1.9 bln in 2012-14 |
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February 3, 2012
The World Bank has committed $1.9 billion for various development projects in Kenya over the next two years, and $400 million has already been disbursed, a senior bank official said.
Through its lending arm, the International Development Association, the bank has already invested over $2 billion in sectors like water, energy and transport infrastructure in east Africa's biggest economy.
"We have a pipeline of up to $1.5 billion to be invested in Kenya over the next two years," Rachel Kyte, World Bank vice president for sustainable development, told a news conference.
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