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Kenya eyes WFP-brokered debt swap for food security
Treasury Cabinet Secretary John Mbadi gestures during an interview with Reuters where he says Kenya has started talks with IMF for a new program, in Nairobi, Kenya, February 5, 2025.
Kenya has advanced its plans for a ‘debt-for-food security’ swap brokered by the World Food Programme (WFP), which would see the country sink millions of shillings towards farming initiatives.
In a debt-for-food security swap arrangement a creditor agrees to forego outstanding payments, whether in part or whole, from the debtor country on a commitment that it will use the freed-up resources towards bolstering food security initiatives such as school feeding programmes and agricultural development.
