Parastatals, public universities and counties will now be required to disclose loans every three months in a deal between the Treasury and the International Monetary Fund (IMF) aimed at enhancing transparency in the size and management of public debt.
The Treasury adopted a recommendation by the IMF to expand coverage of public debt to include all loans held by entities partly or fully funded by the State. Presently, the Treasury only captures loans it has guaranteed when compiling quarterly public debt reports.
