Ideas & Debate

Cancel poor states’ debts to hasten MDGs realisation

The government spends the bulk of her income servicing loans while very little money is set aside for basic services such as healthcare. Photo/FILE
The government spends the bulk of her income servicing loans while very little money is set aside for basic services such as healthcare. Photo/FILE 

Last week, the world marked the Global Action against Debt and International Financial Institutions week with calls for immediate cancellation of debts.

Though activities calling for debt cancellation were staged by civil society organisations both in the North and South, the events were not covered by the mainstream media.

As we take stock of this important week in our calendar, it is important to interrogate how the enormous debt burden Kenya struggles under is affecting her quest to achieve millennium development goals.

Since the signing of the Millennium Declaration in 2000, the government has made considerable progress towards attaining the MDGs.