Kenya expects 400M World Bank emergency fund
Kenya is set to receive 400 million dollars in emergency financing from the World Bank within six weeks. The funds will help address risks including regional Ebola outbreaks, El Nino disruptions, and high energy prices.
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Kenya expects to secure about $400M in emergency World Bank funding within six weeks to combat regional health and weather shocks. The East African nation applied for the Rapid Response Option following a surge in energy costs driven by the conflict in Iran. The financing package represents roughly 10% of the lender's undisbursed lending portfolio for the country.
