This archive report was first published on 11 December 2019.
On December 11, 2019, the European Union signed an agreement to commit KSh2.9 billion to Kenya's public finance planning kitty, as part of the 9th African, Caribbean and Pacific (ACP) summit in Nairobi.
The program aims to promote macro-fiscal stability and service delivery in the country through the successful implementation of the Public Financial Management (PFM) strategy 2018-2023.
The funding is part of the EU's 2019 Action Plan to support Public Accountability and Service Delivery (PASEDE), with Treasury CS Ukur Yattani noting the allocation of €26 million (KSh2.9 billion) committed by the European Union.
Additionally, the EU provided additional funding of KSh560 million to support political dialogue, which is part of the Action Plan 2019.
