Telecompaper

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Treasury Breaks Down Internal and External Problems Kenya Faces in Debt Management

The National Treasury has identified multiple challenges affecting Kenya’s debt management, including structural weaknesses Kenya’s credit downgrade significantly impacted the country’s borrowing terms, leading to increased borrowing costs, reduced investor confidence and limited credit access The Treasury highlighted weaknesses in the public debt legal framework, including overlapping legal provisions between CBK and Treasury Elijah Ntongai,…