9 August 2014

Kenya: World Bank Says Kenya Remains a Key Economy

World Bank President Jim Yong Kim has said Kenya is a key economy that the financial institution cannot ignore.

"The message we have for you is that you are not a small fish but a big one. The respect you (President Uhuru Kenyatta) have among your regional counterparts is also a plus and economic success in Kenya is very personal for me," said Kim.

Kim said the World Bank is encouraged by the economic reforms going on in Kenya and are ready to support the country achieve its goals.

He spoke when he held a meeting with President Kenyatta at the bank's headquarters in Washington, D.C. on Thursday .

"We will continue to engage with you and help you accomplish your development goals. We will bring the best experience from around the world to support sectors like real estate," said the World Bank boss.

The President said there was no doubt about Kenya's economic strength and potential and all it needed were willing partners.

"Our ability to deliver our development goals as a country is not in doubt, and we can achieve this objective much sooner if we work together," he said.

The President outlined several areas in which the World Bank can partner with Kenya as the country continues with its economic transformation.

He said increasing access to basic health care was one of the areas that Kenya expects the support of the World Bank.

Kenyatta said Kenya was willing to work closely with the World Bank in increasing power generation, infrastructure development and fostering devolution.


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