World Bank detains Sh14bn loan for Covid vaccines
While Kenya targets to vaccinate 10m people by December, Treasury tells House the lender yet to release the cash.
What you need to know:
- The Treasury has disclosed to Parliament that the multilateral lender was yet to disburse the loan that was approved in June.
- The loan hitch could derail Kenya’s target to ship in millions of Covid-19 vaccine shots from Johnson & Johnson and meet its inoculation targets.
The World Bank has delayed release of a Sh14.4 billion loan to help Kenya buy Covid-19 vaccines, threatening the government’s plan to inoculate 10 million people by December.
The Treasury has disclosed to Parliament that the multilateral lender was yet to disburse the loan that was approved in June.
The loan hitch could derail Kenya’s target to ship in millions of Covid-19 vaccine shots from Johnson & Johnson and meet its inoculation targets.
About 3.3 million Kenyans, out of 47 million, have had the first jab and only 1.2 million are fully vaccinated, according to the Ministry of Health.
The World Bank says the billions of shillings will be released to the Treasury once Kenya meets certain undisclosed conditions are met.
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