Debt relief deal cuts costs by 35pc in three months

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National Treasury building. FILE PHOTO | NMG

Kenya’s expenditure on servicing external loans in the third quarter through March 2021 fell 34.62 percent on the back of a deal with rich creditor countries to defer loan payments initially for six months.

The National Treasury data shows payment to foreign creditors for the quarter amounted to Sh42.18 billion compared with Sh64.51 billion in a similar period last year.

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Note: The results are not exact but very close to the actual.