Kenya has intensified its push for debt relief and economic support as Treasury Cabinet Secretary John Mbadi led a high-level delegation for bilateral discussions with the World Bank, amid growing concerns over the country’s unsustainable debt levels and shrinking fiscal space.
The meetings, held alongside the ongoing IMF and World Bank Annual Meetings, come at a pivotal time.
Kenya’s public debt has exceeded KSh 11 trillion, representing close to 70 percent of GDP, a level that economists warn poses significant risks to economic recovery and macroeconomic stability.
Speaking after his engagement with World Bank executives, Mbadi acknowledged the urgency of the fiscal challenges, saying the government was actively seeking both debt…