Sh1 trillion withheld donor pledges worsen Kenya’s debt troubles

The IMF estimates that the pandemic will push up total public debt 69.9 percent of the GDP in 2022. FILE PHOO | NMG

Kenya should seek the release of the more than Sh1 trillion that donors have signed to lend so that the country can stop paying commitment fees that continue to raise its indebtedness.

This is the advice of the International Monetary Fund (IMF) following its recent release of nearly Sh75 billion to support the country’s budget implementation following the crisis brought about by the new coronavirus.

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