Kenya expected to receive $400 million in World Bank emergency financing

  • Kenya applied for World Bank emergency financing through the Rapid Response Option.
  • $400 million is the estimated financing amount, with funds expected within six weeks.
  • Kenya and the World Bank are finalising a Contingency Emergency Response Project.

Kenya is expected to receive about $400 million in World Bank emergency financing within six weeks through the Rapid Response Option (emergency crisis funding), as the country faces risks from Ebola, El Niño and elevated energy prices. The facility was initially sought after the Iran war began in February and crude prices rose sharply, but the risks have since widened. The financing would support health services, agriculture, water resources and the broader economy. Kenya and the World Bank are finalising a Contingency Emergency Response Project, with the final amount dependent on the country’s undisbursed lending balance.

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