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The World Bank projects Kenya's economic growth rate amid global energy price hikes driven by Middle East conflict, as Kenya's government presents its budget to parliament.
4 reports, 3 independent
Updated Aug 12
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What happened
The World Bank projects Kenya's economic growth rate amid global energy price hikes driven by Middle East conflict, as Kenya's government presents its budget to parliament.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Treasury projects 5.1% growth, noting conflict impact caused an earlier forecast cut.1 source
- Kenya seeks World Bank emergency funds due to severe weather risks from El Niño and rising import costs from global conflict.Sub-event
New economic projections and budget submissions underway amidst global pressures.1 source
Keep exploring
The entities involved
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Kenya
country in Eastern Africa
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World Bank
international financial institution
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parliament
legislative body of government
Related events
- Agriculture contributes to Kenya's GDP and employment.
- China provides loans to Kenya for infrastructure projects, while the World Bank is noted as Kenya's largest external creditor.
- Political uncertainty is currently affecting the stability of Kenya.
- Government is undertaking developmental projects in Kenya.
- National Treasury manages Kenya's borrowing plan.