Business Daily | by Constant Munda
The United Nation’s has faulted Kenya’s reluctance to take up the debt relief initiative by a group of world’s 20 major economies or G20 at a time servicing costs are eating into a significant chunk of revenue.
United Nations Conference on Trade and Development (UNCTAD) secretary-general Mukhisa Kituyi said the G20 debt moratorium would have helped Nairobi to free up about $900 million (Sh97.98 billion) in deferred bilateral debt servicing costs.
The cash could have been rechanneled to other pressing needs…
