In a report presented at the UN Conference on Financing for Development in March 2002, the World Bank claims that the effectiveness of its financial aid has improved substantially by targeting aid at poor developing countries pursuing sound economic policies. However, the World Bank's success...

Following ten years of relatively robust economic growth, Kenya achieved lower-middle-income country status in 2014. The remarkable expansion of telecommunications and mobile financial services shifted Kenya’s economic paradigm to an extent rarely seen in developing countries. Poverty rates...