People Daily | by John Otini
The intense pressure by International Monetary Fund (IMF) which saw National Treasury cave in to include county government and parastatal debts onto the national debt has opened a pandora’s box, with far-reaching ramifications on Kenya’s sustainability effort.
The Bretton Woods Institution wants Treasury to take responsibility for both guaranteed and non-guaranteed debt.
The IMF reports says the government has guaranteed Sh139 billion which includes the Sh75 billion given to struggling Kenya Airways it wants to nationalise…
