By JAINDI KISEROMore by this AuthorThe debate about the mountains of external commercial debts, which we have accumulated in our books continues to rage. First, the heavy external commercial borrowing in the past five years has not been conducted in line with the medium-term debt management strategy papers approved by Parliament. The big question we are not asking about the rapid rise in commercial borrowing is the issue of transparency. CONTRACTORSHow many of these loans are being disclosed and how transparent is our external debt register? In this way, a new expensive commercial borrowing will have been introduced into our national external debt register.

Source: Daily Nation November 14, 2017 20:26 UTC