Treasury eyes rich donors to ease rising debt burden

The National Treasury building in Nairobi. FILE PHOTO | NMG

The Treasury will appeal to rich foundations and trusts to help fund Kenya’s budget as part of the wider resource mobilisation to battle the Covid-19 pandemic.

It says in a November paper titled ‘Post Covid-19 Economic Recovery Strategy (ERS) 2020-22’ the country will have to appeal to rich organisations for either cheap credit or free grants to finance Kenya’s budget.

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