Kenya Inclusive Growth and Fiscal Management DPO 2

closed

Closed

The development objectives of Second Inclusive Growth and Fiscal Management Development Policy Financing Program are to: (i) crowd in private investment and financing for affordable housing; (ii) enhance farmer incomes and food security; (iii) create fiscal space to support the government’s inclusive growth agenda; and (iv) crowd in private investment and leverage digitization to support the government’s inclusive growth agenda. This operation directly supports the GoK’s Big Four inclusive growth agenda. Two of the pillars of the operation reflect specific big four priorities (first pillar - affordable housing, and second pillar - farmer incomes and food security). The third and fourth pillars of this operation are foundational and will be critical for achieving all four of the government’s priority areas and the broader inclusive growth agenda. The fiscal pillar supports consolidation of the fiscal stance, thereby safeguarding macroeconomic stability and preserving the gains made in poverty reduction in recent years, as well as opening more space for private investment. Further, with prior actions to improve revenue mobilization, efficiency of spending, and debt management, the fiscal pillar enhances the government’s capacity to deliver on its big four agenda. The fourth pillar complements the fiscal pillar by supporting conditions that crowd in private investment into productive sectors of the economy.

World Bank Group

Project

Raw Materials, Government