ALSO READ: State bans logging, MPs laud move“The Government has planned infrastructure projects such as roads, rails and energy infrastructure,” said Deputy President William Ruto last week during a political rally in Central Kenya. The IMF last week appearing before parliament’s budget and appropriations committee explained to members of parliament the country’s current debt predicament. “The debt levels we see are still manageable at the moment,” said IMF representative to Kenya Jan Mikkelsen. In the first place, Kenya’s debt raises concern because the government has been unable to account for the proceeds of previous instruments. Rating agency Moody’s last week downgraded Kenya’s credit rating for both local and foreign debt.

Source: Standard Digital February 27, 2018 05:26 UTC