Kenya and the World Bank
The World Bank has provided financial support for infrastructure and development programs in Kenya dating back to May 1960.[1] The first Kenyan project that was financed by the World Bank was the African Agriculture Project, the World Bank issued the then British Colony with $5.6 million to invest in infrastructure that was vital to developing Kenya's agricultural sector.[2]
Description
The World Bank has maintained its relationship with Kenya and continues to finance development projects. Kenya receives loans from both the
Criticisms
Critics of the World Bank have raised concerns about the impact of their loans on Kenya's debt problem. The debt held by the Kenyan government has more than doubled in the past 6 years to over $50 billion.
References
- ^ "Projects". World Bank. Retrieved 2019-12-02.
- ^ "African Agriculture Project". World Bank. Retrieved 2019-12-02.
- ^ "World Bank | Definition, History, Headquarters, & Facts". Encyclopedia Britannica. Retrieved 2019-12-02.
- ^ "World Bank backs Kenya's Big 4 Agenda | The Presidency". www.president.go.ke. Archived from the original on 2019-12-03. Retrieved 2019-12-02.
- ^ "Sustainable Development Goals (SDGs) and The 2030 Agenda". World Bank. Retrieved 2019-12-02.
- ^ "Kenya Vision 2030 | Kenya Vision 2030". vision2030.go.ke. Retrieved 2019-12-02.
- ^ Oloo, Jeanette (2018-07-19). "World Bank appoints Felipe Jaramillo, new Country Director". CIO East Africa. Archived from the original on 2019-12-03. Retrieved 2019-12-02.
- ^ "C. Felipe Jaramillo". World Bank. Retrieved 2019-12-02.
- ^ "Economic Memorandum: Kenya's Growth Story: Past, Present and Future". World Bank. Retrieved 2019-12-02.
- ^ "Kenya Gets $750 Million World Bank Loan, and Eyes Another One". Bloomberg.com. 2019-07-04. Retrieved 2020-11-16.
- ^ "Kenya to Double Debt Ceiling to Almost Match Economy's Size". Bloomberg.com. 2019-10-16. Retrieved 2020-11-16.
- ^ "Kenya: Lamu Coal-Fired Power Plant". Accountability Counsel. 2018-04-13. Retrieved 2019-12-02.
- ^ "IFC Escapes Responsibility for Lamu Coal Plant Contributions". Accountability Counsel. 2019-09-03. Retrieved 2019-12-02.
- ^ Nsehe, Mfonobong. "Corruption And 'Tenderpreneurs' Bring Kenya's Economy To Its Knees". Forbes. Retrieved 2019-12-02.
- ^ "Procurement - World Bank Listing of Ineligible Firms & Individuals". World Bank. Retrieved 2019-12-02.
- ^ "Combating Corruption". World Bank. Retrieved 2019-12-06.
- ^ "Governance and Institutions". International Development Association - World Bank. 2016-09-01. Retrieved 2019-12-06.