Kenya losing billions to corruption; World Bank report shows
Originally published by Citizen Digital — Read the original article →
The findings indicate that corruption alone widens the fiscal deficit by about 2 per cent of gross domestic product (GDP).
The latest edition of the World Bank’s Economic Update for Kenya reveals that corruption is the main constraint preventing Kenya from reaching its full economic potential.
The report shows that Kenya is losing billions of shillings due to weak or poor governance. According to the report, weak governance hurts the economy by straining public finances and widening the fiscal deficit.
