World Bank exposes how corruption is draining Kenya’s public finances
Originally published by People Daily — Read the original article →
The World Bank has warned that corruption and collusion are worsening Kenya’s public finances, estimating that the practices widen the country’s fiscal deficit by approximately two percentage points of Gross Domestic Product (GDP). Qimiao Fan, the World Bank Division Director for Kenya, Rwanda, Somalia and Uganda, said weak governance was among the fundamental constraints holding […]