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Kenya

Kenya calls for more WB support

NAIROBI, Kenya, Nov 23- President Mwai Kibaki has called on the World Bank to scale up its support to the country as one way of helping to address the challenges faced by many Kenyans.

 

Speaking at a meeting with visiting World Bank Vice-President for Africa Region Obiageli Ezekwesili, the President said such a move would demonstrate the Bretton Woods institution’s enhanced partnership with Kenya.

 

“The partnership between the government and the World Bank should be based on mutual trust and respect and should allow room for each partner to provide a candid assessment of how the relationship is performing,” the Head of State pointed out.

 

Currently, Kenya’s project portfolio supported by World Bank consists of 19 active operations with a total commitment of Sh125 billion.

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The financial resources are targeted to finance 16 national and three regional projects ranging from infrastructure, arid and semi arid lands, agriculture, education, health, water and sanitation.

 

In February this year the two parties signed four additional credits amounting to Sh30.9 billion to finance projects in roads, energy, environment and agriculture sectors.

 

President Kibaki also took the opportunity to reiterate the government’s commitment to implementing reforms that will stimulate rapid economic growth.

 

On her part Ms Ezekwesili assured President Kibaki of the Bank’s continued support for Kenya’s structural and institutional reforms.

 

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She said they were keen to dialogue with the government on the way forward on areas of future cooperation to be agreed on under a new Country Assistance Strategy that the Bank is developing to cover the period 2009 -2014.

 

 

 

 

 

 

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