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In a diplomatic development, President William Ruto engaged in discussions with the President of the World Bank, Ajay Banga, during the United Nations General Assembly in New York, United States.
In the meeting, which took place on the sidelines of the international gathering, brought together high-ranking officials from both the World Bank and the Kenyan government.
President Ruto, following his participation in the UN General Assembly, dedicated time to deliberate on various matters with Ajay Banga.
Notably, the specifics of their conversation regarding the substantial loan that the Kenyan government had obtained from the World Bank have not been disclosed by either the President’s office or the State House communication department.
The Kenyan populace, grappling with soaring petroleum prices that have reached unprecedented levels, is closely following developments related to the World Bank loan.
As the government faces the challenging task of servicing its financial obligations, including repayments to the IMF and World Bank, it has resorted to raising taxes to fund essential projects and meet civil servant salaries.
One pressing question that remains unanswered is whether President Dr. William Ruto appealed to World Bank President Ajay Banga for an extension of the repayment period, considering the economic hardships faced by the Kenyan people. The outcome of this meeting holds significant implications for the nation’s financial stability and the well-being of its citizens.
