The approval of the Second Kenya Fiscal Sustainability and Resilient Growth Development Policy Operation (DPO) is a significant boost for President William Ruto’s administration as it seeks to stabilise public finances, improve investor confidence and create jobs amid mounting economic pressures. The financing package combines a $340 million (Sh43.9 billion) loan from the International Bank for Reconstruction and Development (IBRD) and $410 million (Sh59.9 billion) in highly concessional financing from the International Development Association (IDA). [...]