New fund proposed to settle pending bills with securities

Association of Pension Trustees and Administrators of Kenya President Hosea Kili.

Photo credit: File | Nation Media Group

A committee of experts appointed by the Treasury has recommended the creation of a new fund to settle pending bills by issuing government securities backed by expected payments of the arrears.

The final committee of experts report on leveraging local financial markets for investments in public-private partnerships calls for a new fund to raise funds to settle verified pending bills from expected proceeds of the securities sale.

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