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africanews - 11 days ago

Kenya debt sustainable despite IMF warning

Kenya’s public debt, now estimated at more than €42 billion, worries the International Monetary Fund. Will Kenya be able to meet the challenge of debt sustainability? A question that is difficult to answer today when the share of debt in GDP is almost 58%. This is a situation that worries the International Monetary Fund. The institution fears an explosion in Kenya’s debt from €15.4 billion to €42.7 billion. Today, it is expected to reach €60 billion by 2022. Translated by Nyasha K Mutizwa

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