Billions of shillings set for funding to Kenya by the World Bank could be at stake the Bretton Woods institution has said.
The institution now says future funding will be pegged on compliance to the tenets of good governance ridding the government of persistent high levels of corruption.
World Bank, Vice President for Africa Obiageli Ezekweseli says that the government has relaxed in dealing with those who engage in corruption hence encouraging the vice.
Currently the World Bank has ongoing projects in Kenya worth over 88 billion shillings with another 20 billion shillings set for further spending in the country next year.
Ezekweseli notes that public sector reforms to reduce corruption and increase transparency are the ways to go.
Among the reforms that the World Bank proposes include the reduction of discretionary powers by public officials and a reduction in extraneous expenditure.
The World Bank also says that it will not increase the pace of disbursement of 1.2 billion shillings set for education and other sectors as requested by the government.
Ezekweseli says that the World Bank has set procedures for disbursement most of which are result oriented.
Some major funding that Kenya is at risk of losing include the 20 billion northern corridor road funding and the 6.2 billion shillings needed in increasing agricultural productivity and agribusiness projects.