Kenya to defer Sh75bn after U-turn on G20 debt relief plan



Business Daily | by Patrick Alushula


Kenya is now ready to defer Sh75.5 billion ($690 million) in debt payments to help it weather the Covid-19 pandemic, marking a U-turn stance on the G20 coronavirus debt relief initiative it had snubbed in May.

Treasury Secretary Ukur Yatani says Nairobi has received clarity on what impact the debt relief programme might have on the country’s credit rating and a final decision will be made as early as next week…

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