Kenya Will Not Default On Its Debt
Jan 5, 2023 ·
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Description
The Kenyan president says the country will not default on its debt in the face of severe economic challenges. William Ruto says Kenya had applied the brakes on any more...
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The Kenyan president says the country will not default on its debt in the face of severe economic challenges.
William Ruto says Kenya had applied the brakes on any more borrowing.
When it took over in September last year, his government said it would cut expensive commercial borrowing in favor of cheaper sources such as the World Bank.
Kenya's credit rating has been at risk of being downgraded because of rising debt and surging global interest rates.
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William Ruto says Kenya had applied the brakes on any more borrowing.
When it took over in September last year, his government said it would cut expensive commercial borrowing in favor of cheaper sources such as the World Bank.
Kenya's credit rating has been at risk of being downgraded because of rising debt and surging global interest rates.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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