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First Kenya Fiscal Sustainability and Resilient Growth

Abstract*

The Development Policy Operation (DPO) is the first of a series of three operations that support Kenya’s policy and institutional reforms to (i) promote efficiency, transparency, and equity of public finance; (ii) foster more competitive and inclusive product and labor markets; and (iii) strengthen climate action. This DPO of US$1.2 billion, financed by IBRD and IDA (including the Window for Refugees and Host Communities), supports the ambitious reform...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

To (i) promote efficiency, transparency, and equity of public finance; (ii) foster more competitive and inclusive product and labor markets; and (iii) strengthen climate action

Key Details

Project Details

  • P500912

  • Closed

  • Marek Hanusch , Jana Kunicova, Naomi Mathenge

  • The Republic of Kenya

  • Kenya

  • March 26, 2024

  • (as of board presentation)

    May 30, 2024

  • June 11, 2024

  • US$ 1200.00 million

  • N/A

  • Not Applicable

  • June 30, 2025

  • BANK APPROVED

  • September 18, 2025

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 300.00
IDA Grant 50.00
International Bank for Reconstruction and Development 850.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 850.00
IDA Commitment 350.00
IBRD + IDA Commitment 1200.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of September 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of September 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jun 14, 2024 IBRD-96750 Loan Disb 847,875,010.00
Jun 18, 2024 IDA-75420 Loan Disb 298,174,752.00
Jun 11, 2024 IBRD-96750 Loan Disb 2,125,000.00
May 30, 2024 IDA-75420 Loan Commitment 300,000,000.00
May 30, 2024 IBRD-96750 Loan Commitment 850,000,000.00
May 30, 2024 IDA-E3230 Loan Commitment 50,000,000.00
Jun 13, 2024 IDA-E3230 Loan Disb 49,962,528.00
Jun 11, 2024 IBRD-96750 Fee Charges 2,125,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.