KENYA: IMF express concerns over increasing public debt levels
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.