By KEVIN MWANZAMore by this AuthorThe International Monetary Fund (IMF) has cautioned that Kenya’s rising debt needs to be contained to avoid vulnerabilities to the economy from unforeseen shocks. IMF Resident Representative in Kenya Jan Mikkelsen on Tuesday said that while the economy had shown resilience to drought and prolonged electioneering this year, the rising public debt was a concern and needs to be checked to avoid dragging down the economy in future. LOANSKenya’s public debt has been on an upward trend in recent years, rising to Sh4.4 trillion by the end of September from less than a trillion shillings in mid-2014. The fiscal deficit was at 7.9 per cent from a previous forecast of 6.2 per cent. The official said an IMF mission would visit Nairobi in mid-December to review its programmes with the government.

Source: Daily Nation November 21, 2017 16:30 UTC