While speaking in Nairobi, World Bank county director Keith Hansen said the substantial funding is set to benefit various stakeholders, including 485 ministries, departments, and agencies, 240,000 registered firms, and a staggering 18 million citizens engaging with government e-services.
“This new program will incentivize the last mile of a decade of public financial management reforms in Kenya, including their full rollout across national government ministries, departments, and agencies,” Keith Hansen said.
Part of a broader initiative, this funding aims to encourage the completion of a decade-long effort to reform public finance management in Kenya, encompassing full implementation across national government entities. Initially approved in September 2017 with an initial allocation of KES 23.0 billion (USD 150 million), the implementing agencies include the Office of the Auditor-General, the National Treasury, and the Ministry of Public Service.
The significance of this financial injection lies in its substantial size and potential to drive transformative changes in Kenya’s fiscal landscape. By reaching the last mile of public finance management reforms, the program is expected to have a profound impact, ensuring judicious use of financial resources in alignment with Kenya’s broader developmental goals.
As Kenya confronts economic challenges and pursues sustainable growth, the World Bank’s support underscores the international community’s commitment to fostering good governance and fiscal responsibility. The initiative’s success will be measured not only in increased revenue mobilization but also in the enhanced transparency and accountability it brings to Kenya’s public finance management.
