Kenya is the third-largest financial sector in Africa, says World Bank-The global financier has said Kenya has the third-largest financial sector in sub-Saharan Africa and this makes a significant contribution to economic growth and job creation.
However, the country needs structural reforms to enable to spur economic growth and development.
In an effort to strengthen Kenyan’s legal, regulatory and institution environment, World Bank Group board of directors approved an International Development Association credit of $37 million.
The credit is an initiative aimed at helping Kenya improve financial stability and increase affordable and long-term financing.
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