
President Ruto commits to deepening ties with World Bank
- Published By Jedida Barasa For The Statesman Digital
- 1 year ago
President William Ruto has pledged to further strengthen Kenya's relationship with the World Bank as part of renewed efforts to revitalize the country's economy.
This follows the Head of State's meeting with Axel van Trotsenburg, the Senior Managing Director of the World Bank responsible for Development Policy and Partnerships.
The two leaders met on the sidelines of the Italy- Africa Summit in Rome on Monday, January 29.
"Kenya acknowledges the World Bank's contributions to supporting our development aspirations. We are committed to further deepening this partnership to enhance our economic growth and expand opportunities for the people," President Ruto said after the meeting.
The duo also discussed, among other issues, the forthcoming IDA21 Replenishment Summit to be hosted by Kenya this year.
In November last year, the World Bank said it was committed to supporting Kenya's journey of becoming a middle-income by 2030.
At the same time, the institution said it foresaw $12 billion in support for Kenya over the next three years, which local authorities believe is a major boost to Kenya's strained coffers.
However, the World Bank, noted that the total amount was subject to the approval of its executive directors and other factors that could influence its lending capacity.
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