Treasury CS Ukur YattaniMoney & CareersKenya is still negotiating a debt relief deal with China, Treasury CS Ukur Yattani has said. Kenya is still negotiating a debt relief deal with China, Treasury CS Ukur Yattani has said. Kenya had earlier declined to participate in a similar group of 20 nations (G-20) led debt relief initiative saying the terms were too restrictive. SEE ALSO: Kenya debt load surges to Sh6.2 trillionOn Monday, the Chinese Government announced that it had agreed to delay loan repayments for 77 low-income countries as part of the G20 nations’ debt relief program. No details are yet available on the terms of the debt relief China would offer to the 77 countries.

Source: Standard Digital June 09, 2020 13:07 UTC