Kenya gets $750 million World Bank loan to help recovery from COVID-19 effects

kenya gets 750 million world bank loan to help recovery from covid 19 effects

Sumary of Kenya gets $750 million World Bank loan to help recovery from COVID-19 effects:

  • On Thursday, Finance Minister Ukur Yatani presented to parliament the 2021/22 budget, with a deficit of 7.5% of gross domestic product, reduced from 8.7% for the current fiscal year ending this month..
  • The finance ministry forecasts a economic growth of 6.6% this year, recovering from 0.6% in 2020 when sectors like tourism and related services collapsed due to restrictions imposed to curb the spread of COVID-19….

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