Kibaki urges WB to loosen purse

September 26, 2008

, NEW YORK, September 26 – President Mwai Kibaki has petitioned the World Bank to expedite the release of funds for constructing the Kericho-Kisumu-Busia highway.

President Kibaki said the initiative under the Northern Corridor Transport Improvement Project was a critical venture in the country’s road network and that its reconstruction was a key priority of his government.

The President made the remarks on Thursday during a meeting with the World Bank President Robert Zoelick in New York City, who responded by assuring that the monetary institution would fast track the releasing of the funds.

Mr Zoellick further promised President Kibaki the World Bank’s support and engagement with the coalition government.

During the talks President Kibaki said his government would work closely with the institution to ensure that farmers had access to cheaper farm inputs, especially fertilisers.

The Head of State said it was critical that the agricultural sector be given the necessary impetus in light of the rising global food prices.

Investment in irrigation will also be a priority area agreed by the two leaders.

President Kibaki and the World Bank head cited poverty alleviation programs as additional areas that should be deepened in the working relations of the government and the international financial institution.

He said the entire project for rehabilitation of the Northern Corridor required a huge amount of resources that are well beyond the ability of the Government to mobilise single-handedly.

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