World Bank Sets Kenyan Policy Reforms

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The World Bank outlined 11 laws and policy reforms Kenya must implement before receiving a $750 million loan under a three-year financing agreement. The measures include full adoption of e-procurement, amendments to the Competition Act, regulations on sustainability-linked bonds, expanded urban transport policy, and consolidation of all government accounts at the Central Bank. The lender said Kenya cannot renegotiate the terms. Officials have held meetings with Parliament and the Treasury to expedite compliance.