Business Daily | by Otiato Guguyu
The Treasury will try to push wealthy countries and multilateral lenders like the World Bank to cancel part of Kenya’s ballooning public debt, reflecting concerns about the burden of paying creditors from taxes that have been hit hard during the coronavirus pandemic.
In a November paper titled Post Covid-19 Economic Recovery Strategy 2020-2022, the Treasury says that it’s considering initiating talks with donor countries and multilateral lenders for debt forgiveness.
This marks a bold admission that the country is struggling to repay the mounting public debt…
