Kenya's debt to the World Bank declined to Sh1.728 trillion in March 2026 from Sh1.964 trillion recorded in both September and December 2025, reflecting lower outstanding obligations despite fresh borrowing.
According to National Treasury data, the decline follows fluctuations over the past two years, with Kenya's debt to the lender peaking at Sh1.966 trillion in June 2025 before easing in subsequent quarters.
The reduction comes even as the World Bank approved a new Sh97 billion ($750 million) budget support loan last week, the first such financing extended to Kenya since 2024.
The World Bank remains Kenya's largest multilateral creditor, financing projects in infrastructure, health, education, agriculture and social protection.
The latest funding is expected to support economic reforms, fiscal consolidation and public financial management.
Despite the decline in outstanding debt, the government's continued reliance on concessional multilateral financing underscores the World Bank's central role in supporting Kenya's development agenda and budget financing needs.
