MPs ask Yatani to seek foreign debts reprieve on interest pay

Treasury Secretary Ukur Yatani. FILE PHOTO | NMG

Parliament has directed Treasury Secretary Ukur Yatani to negotiate for interest waivers on loans with multilateral and bilateral lenders in the wake of the coronavirus outbreak.

Kenya has accumulated public debt to the tune of Sh6.29 trillion with the allocation for principal and interest payment featuring prominently in its annual budget.

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