World Bank to Loan Kenya $1.9 Billion in 2012–14

The World Bank plans to disburse $1.9 billion (Sh159.2 billion) for funding various projects in Kenya over the next two years, the organization's Vice President for sustainable development Rachel Kyte has said.

Kyte who is currently on a visit in Kenya revealed that the funding will target strategic projects that are important in poverty alleviation. Two of the key sectors that are set to benefit significantly from the funding are water and energy.

Though the World Bank will not directly offer funds for setting up of the various county administration structures under the new devolved system, Kyte said that it will seek to partner with ministries on how service the counties under the system.