Business Daily | Otiato Guguyu
Kenya has bowed to International Monetary Fund (IMF) pressure to include Sh3.4 trillion parastatal and county loans as part of the country’s national debt.
The National Treasury said this will be done gradually beginning with foreign currency debts by parastatals before including loans from private public partnerships (PPPs), pension and county governments.
Currently, the Treasury only recognises guaranteed debts, but the IMF wants it to include all loans of State linked firms, a move that will push the country’s Sh7 trillion debt up by…
