How World Bank and IMF Loans Are Reshaping Policymaking in Africa The recent $750 million World Bank financing package secured by Kenya has reignited debates over the influence of international lenders on domestic policy decisions.
At issue is whether concessional loans, which provide cheaper financing for developing countries, also come with an unwelcome price tag – the erosion of national sovereignty.
For decades, multilateral lenders like the World Bank and IMF have provided developing countries with financing that is often cheaper than commercial borrowing.