The Lower Eastern Times Opening The Third Eye
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Kenya’s outstanding debt to the World Bank fell to Sh1.728 trillion in March 2026, down from Sh1.964 trillion recorded in both September and December 2025, according to data from the National Treasury.
The figures show a gradual decline in the country’s obligations to the lender after the debt reached a high of Sh1.966 trillion in June 2025 before easing over the following quarters.
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The reduction comes even after the World Bank approved a new Sh97 billion ($750 million) budget support facility last week, marking the institution’s first budget financing package for Kenya since 2024.
The World Bank remains the country’s largest multilateral lender, providing financing for key sectors including infrastructure, healthcare, education, agriculture and social protection programmes.
The newly approved loan is expected to support Kenya’s economic reform agenda, strengthen fiscal discipline and enhance public financial management.
Although Kenya’s debt to the World Bank has declined, the latest borrowing highlights the government’s continued dependence on concessional multilateral financing to fund development projects and bridge budgetary needs, reinforcing the lender’s significant role in the country’s economic growth.
