Kenya: President Ruto Calls for Increased Concessional Funding From World Bank

Nairobi — President William Ruto has led African heads of State and government in calling for increased concessional funding from the World Bank’s International Development Association (IDA).

IDA supports low-income countries with grants and long-term low-interest loans for development.

President Ruto called for tripling of IDA’s financing capacity to $279 billion by 2030, while maintaining the essential concessional nature of its financing in accordance with the recommendations of the G20…