Debt office to be made independent

Treasury

The National Treasury building in Nairobi. 

Photo credit: File I Nation Media Group

President William Ruto’s government is working on a plan to make the debt office at the National Treasury autonomous to enhance accountability and transparency in public debt management.

This means that the Public Debt Management Office (PDMO) will soon have the power to approve or reject proposed loans, a major boost for the office.

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