World Bank lends $200m to help Kenya combat climate risks

The funding will help to strengthen the economy and minimise the climate impact

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The World Bank has approved a $200 million (£150m) loan to help Kenya manage climate risks and improve economic recovery.

The funding will be used in the event of a public health emergency or natural disaster and will support the National Disaster Risk Financing Strategy to ensure the welfare of Kenyans.

Extreme climate conditions such as floods and droughts are estimated to cost the economy around 2% of GDP each year.

World Bank Country Director for Kenya, Diarietou Gaye said: “We are working closely with the National Treasury in supporting Kenya to address the economic losses triggered by climate-related disasters that often hamper poverty reduction efforts and threaten the numerous advances that Kenya has made in promoting shared prosperity.”