Nairobi — The World Bank has said the country's continued slow economic growth resulted from poor policy choices and implementation, but not lack of finances.

"Kenya's development is not constrained by lack of financing from donors but by choices the Government makes and how it implements them," country director, Collin Bruce said.

He noted that the bank was growing impatient with the slow growth since it believed the economy, estimated to have grown by over five per cent last year, could develop faster.

Bruce pointed out that the bulk of the country's finances were from Kenyan tax payers, saying for instance that of the $5.8 billion budgeted for this fiscal year, $5.4 billion is from taxpayers, with the remainder provided by donors.

He said remittances from abroad had also increased in recent times while corrupt individuals had also taken sizeable amounts of money out of the economy.

Bruce was speaking during a discussion forum organised by the bank and Ford Foundation in Nairobi.