World Bank fears for State Big Four agenda

World Bank Group Program Leader Johan Mistiaen (right) with Kenya Private Sector Alliance (KEPSA) CEO Carole Kariuki, shortly after the launch of Kenya Economic Update 2017 in Nairobi. [Photo by David Njaaga/Standard]

The World Bank has called for significant policy reforms, including removal of interest rate caps, if the Government is to achieve its 'Big Four' agenda.

In the policy proposals outlined in the 17th edition of the Kenya Economic Update, the global lender said the Government’s ambitious priority plans for the next five years could be constrained with the rate cap in place.