In order to achieve long-term sustainable and equitable growth, the government is eager to launch multisectoral policy and institutional reform programmes.
According to National Treasury PS Dr. Chris Kiptoo, a number of important policy reforms will be implemented under three pillars with support from the Development Policy Operation (DPO), with the primary goal of fiscal consolidation as well as its long-term vision of green and inclusive growth.
The PS was addressing in Nairobi at a consultative meeting with Principal Secretaries, World Bank officials, and technical personnel to improve the Prior Action for DPO6 and identify Indicative Triggers for DPO7 and DPO8.
PS Kiptoo stated that the reforms will require a comprehensive government strategy and he asked the teams to give the reforms agenda their full focus in order to reach the deadline.
Several PSs from important industry sectors were present at the meeting, and they provided an overview of the various changes they are doing in their respective MDAs to reach the objectives.
The World Bank’s representative in Kenya, Jana Kunicova, said the country is a significant partner and has the largest portfolio in the continent of Africa. She also said the World Bank supports the latest round of reforms being implemented to address the current issues being faced.
The three pillars that will support the reforms are inclusive structural transformation, climate resilience and mitigation, and equitable fiscal consolidation and improved governance.
The DPO is a framework by which the World Bank supports the institutional and policy initiatives taken by a member nation with the aim of fostering growth and long-term poverty reduction.
