World Bank cuts Kenya's economic growth to 4.5% on costly food MSN Economics
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The World Bank has urged the Kenyan government to impose a two-year hiring freeze in the public sector to rein in the unsustainable wage bill that continues to strain national finances. In its Public Finance Review report released on Tuesday, May 27, the global lender warned that unchecked public payroll growth could derail key development goals. It emphasized that a temporary hiring suspension would provide room to audit current salary structures and optimize the allocation of existing personnel. “Adopting a temporary hiring freeze can make space for the government to review the compensation structures and assess the efficient allocation of existing civil servants,” the report stated. Education Sector Exempted Amid The post World Bank Pushes Kenya to Freeze Hiring for Two Years to Cut Wage Bill appeared first on Nairobi Wire. Economics
World Bank cuts Kenya’s growth forecast on debt, private sector squeeze The EastAfrican Economics
World Bank cuts Kenya’s 2025 growth forecast as private sector squeezed By Reuters Investing.com Politics
World Bank cuts Kenya's 2025 growth forecast as private sector squeezed Reuters Politics
