Kenyan Wall Street | by Jackson Okoth
The World Bank has warned that Kenya’s rising public debt could reach distress levels, urging the Government to seek debt relief from external lending institutions and development partners.
The multilateral institution is recommending that Kenya makes use of available international debt service relief and other debt optimization strategies to release the needed fiscal space.
“Kenya’s debt position remains sustainable, but that the risk of debt distress has increased to high, due to the COVID-19 crisis weakening exports and…
