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Reading: Ruto promises to use Ksh.46 billion in World Bank funding for the Urban Support Program responsibly.
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Newsunplug Kenya > Blog > Metro > Ruto promises to use Ksh.46 billion in World Bank funding for the Urban Support Program responsibly.
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Ruto promises to use Ksh.46 billion in World Bank funding for the Urban Support Program responsibly.

Ivy Irungu
Last updated: May 7, 2024 9:07 am
Ivy Irungu
1 year ago
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President William Ruto has pledged to ensure responsible utilization of the Ksh.46.5 billion ($350 million) funding from the World Bank for the Second Kenya Urban Support Programme. During the programme’s launch at State House, Nairobi, Ruto emphasized the importance of sustainable financing in realizing his government’s urban development strategy.

“We shall now proceed to actualise our ambition of holistically achieving sustainable urban development by enhancing the resilience of infrastructure and services, engaging the private sector in urban planning and development and integrating refugee camps with host settlements,” he said.

President Ruto additionally urged Governors to enhance revenue collections in their counties to support local development initiatives. He emphasized the importance of counties relying on their own revenue sources rather than loans for funding.

Ruto emphasized the need for the country to prioritize self-funding projects over depending on foreign aid.

“For our part, the National Government is establishing the National Urban Development Fund to anchor the urban development agenda in a sustainable framework,” he said.

The event was attended by numerous Governors, including their chair Anne Waiguru, who pledged their commitment to the success of the program.

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