World Bank Approves $750 Million to Support Kenya’s Governance and Reform Agenda

The World Bank has approved fresh funding to support Kenya’s reform programme. The financing is expected to strengthen governance, improve public finance management and expand social protection.

The institution announced a $750 million Development Policy Operation under the Second Kenya Fiscal Sustainability and Resilient Growth Development Policy Operation. The package comprises a $340 million loan from the International Bank for Reconstruction and Development (IBRD) and $410 million in concessional financing from the International Development Association (IDA), including support for refugees and host communities.

The funding is designed to help Kenya implement reforms aimed at improving transparency, reducing corruption, attracting private investment, creating jobs and ensuring that vulnerable groups receive better social support.

Among the reforms backed by the programme are the implementation of Kenya’s Conflict of Interest law and the gazetted Conflict of Interest Regulations 2026, which establish measures to prevent, detect and investigate cases where public officials may use their positions for personal gain.

The World Bank is also supporting the mandatory adoption of the Treasury Single Account across all government ministries, departments and agencies, alongside the rollout of electronic government procurement systems to improve accountability and efficiency in public spending.

In the social protection sector, the programme backs the implementation of the Social Protection Regulations 2026 and the use of the Enhanced Single Registry to improve the identification of beneficiaries and eliminate duplication in government assistance programmes.

World Bank Division Director for Kenya Qimiao Fan said the reforms are intended to reduce leakages, generate fiscal savings and ensure that public resources are directed to the people who need them most.

The latest financing underscores the World Bank’s continued support for Kenya’s efforts to strengthen public institutions, improve financial management and promote more inclusive economic growth.