Kenyan Wall Street | by Mwakaneno Gakweli
The National Treasury will include Ksh 3.4 trillion in its national debt, owing to the International Monetary Fund’s pressure on Public Debt Disclosure. This move will push Kenya’s national debt past the Ksh 9 trillion ceiling to Ksh 10.5 trillion. Currently, Kenya’s public borrowing stands at Ksh 7.1 trillion.
According to data from the Central bank of Kenya, the country’s public debt grew by Ksh 0.8 trillion to Ksh 7.1 Trillion between March 2020 and January 2021.
The IMF’s May 2020 DSA acknowledges that the Treasury will…
